As we step into the holiday season, here’s your weekly housing market update with the latest insights for Southern Nevada. The median home price is back to $480,000, rebounding after dipping to $475,000 in October. In November, 1,637 single-family homes were sold, increasing inventory to 3.57 months—a level we haven’t seen in quite some time. With buyer demand expected to rise after the holidays, it’s crucial for sellers to price their homes correctly in today’s market.
The FHFA has announced new conforming loan limits for 2025, with Clark County’s limit increasing to $806,500—a $40,000 jump from last year. This means buyers putting 20% down can now purchase homes up to $1,008,000. Be sure to check out the links below for loan limit details across the country and learn more about how these changes might impact your plans.
Looking at the long-term perspective, real estate continues to prove its value over time. Since 1992, home prices have risen almost every quarter, except during the 2007–2011 recession. This data underscores the enduring wisdom of investing in real estate: You don’t wait to buy real estate; you buy real estate and wait.
Explore the resources linked below, including details about loan limits, the FHFA Housing Price Index, and access to our nationwide realtor network if you’re considering buying or selling outside Southern Nevada.
Wishing you a joyful December, and feel free to reach out if you’d like to discuss the market or your real estate goals.
