Quick snapshot — the numbers you actually care about

Here’s the real stuff from this week's MLS activity in Las Vegas. No fluff, just facts:

• 1,084 new listings hit the market this week — more choices for buyers.
• 988 price decreases in the last week — nearly a thousand homeowners cut their asking price.
• 90 price increases — yes, only ninety. That’s a roughly 10-to-1 ratio of decreases to increases.
• 608 closed sales — deals are happening, but only when homes are priced right.
• For about 2–2.5 months we saw over 1,000 weekly price decreases; the rate is easing slightly now, but still strong.

What the 10-to-1 ratio actually means

Seeing almost 1,000 price drops compared to only 90 increases? That screams buyers have leverage. You’re seeing sellers adjust expectations after the generous boom years of 2021. In plain English: if a home is priced too high, it won’t attract offers. The market will humble that price quickly.

For sellers: price smart or prepare to wait

If you’re listing, this is the week to listen. My experience tells me buyers scroll past anything that looks inflated. Overpricing doesn’t create offers — it kills momentum. Sellers who price correctly still sell. The 608 closed sales prove transactions are happening. The secret? Price competitively on day one and stage the home so it shows well online and in person.

For buyers: options and timing

More inventory means more bargaining room. You’ve got choices in Summerlin, Henderson, and across Las Vegas. Want leverage? Focus on homes that have been on the market a bit — price reductions are common. If you're pre-approved and move fast with strong but fair offers, you can win without drama.

Where this market is heading

Price reductions have slowed slightly from the peak, but they’re still happening. That tells me the market is adjusting, not flipping back to frenzy. Expect a measured pace: active listing weeks, buyers with leverage on certain tiers, and competition for well-priced, turn-key homes.

Actionable tips

1. Buyers: get pre-approved so you can act quickly and confidently.
2. Sellers: set a competitive price. If you don’t know the comps, ask me — I’ll be blunt and honest.
3. Both: curb appeal and online photos still win attention. Don’t skimp on those.

Bottom line

This week’s MLS numbers make it clear: buyers hold leverage right now. But deals are still happening for correctly priced homes. If you're on the fence about listing or buying in Las Vegas, Summerlin, or Henderson — talk to someone who will tell you the truth, not what sounds nice. That’s how you win.

Want a custom market snapshot for your neighborhood? Reach out — I’ll pull the exact comps and map your best move. No pressure, no BS.