Data sourced from the Las Vegas Realtors MLS. Figures reflect recent reporting periods as noted.
National Market Perspective
Existing-home sales nationally fell 1.7 percent from June to July, landing at a seasonally adjusted annual rate of 4.06 million the second consecutive monthly decline, according to the National Association of REALTORS®. Sales were still slightly ahead of July 2025, and year-to-date volume ran about 2.4 percent above the same stretch last year. The national median rose roughly 2 percent from a year earlier, and inventory nationally sat at 4.6 months of supply. NAR put the average 30-year fixed mortgage rate at 6.54 percent for July, up from 6.49 percent in June but still below the 6.72 percent recorded a year earlier.
Las Vegas & Henderson
Las Vegas REALTORS® reported 2,046 single-family closings in July, up 1.2 percent from July 2025 but down 11.1 percent from June. The median closing price was $480,000, about 1 percent below a year ago and 2 percent below June. Available single-family homes excluding those with offers totaled 7,442, up 4.1 percent both from June and from July of last year, and effective months of availability rose to 3.6. Homes that did sell moved reasonably quickly: 57.4 percent of July closings happened within 30 days, a slightly higher share than the same month in 2025.
The valley picture, then, is one of gradually loosening supply against roughly flat sales volume and a median holding near where it was a year ago.
Inspirada Snapshot
Inspirada went the other direction. The median price here is $624,000, about 1 percent under last October, which lines up almost exactly with what the valley did. The rest of the picture does not. Closings over the trailing six months came in at 141, roughly a third above the same point last year and the highest count this report has tracked. Available homes dropped to 72 from 93. Months of supply landed at 2.8, about half of last October’s figure. Days on market stayed at 26, the same as a year ago.
So the valley built up inventory over the past twelve months while Inspirada worked its way through what it had. Valley sales volume barely moved. Here it climbed by about a third. The one thing the two markets have in common is price, and neither median has gone anywhere. In Inspirada, more homes sold, out of a smaller pool, for roughly what they were bringing last fall.
West Henderson Development Note
Las Vegas REALTORS® released its summer development survey this quarter, and two of the projects on it sit within a few minutes of the community. Haas Automation’s manufacturing plant on the Via Inspirada corridor is under construction at a reported $500 million, with completion scheduled for 2027. Mosaic Companies’ mixed-use community at Las Vegas Boulevard and Via Nobila is listed as planned, at $800 million.
Both sit on the same spine. Via Inspirada and Via Nobila run along the western edge of the community, and neither project fronts St. Rose or the 215. That corridor has carried most of the area’s new industrial and commercial investment for the past several years.
Closing
One number carries across all three levels of this report. Nationally, across the valley, and here in Inspirada, the median price has moved about 2 percent or less in either direction over the past twelve months. Volume, inventory and absorption have all moved considerably more than that. Price has been the quietest number.
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