What’s Ahead for the Housing Market? Here’s What to Expect in the Second Half of 2025
Is Now a Smart Time To Move? Here’s What the Experts Are Saying.
Between easing mortgage rates, a surge in housing inventory, and shifting buyer behavior, it’s no wonder people are asking: Should I make a move right now, or wait it out?
The short answer: there’s opportunity in this market — but you need the right strategy to take advantage of it.
Let’s break down where things stand right now, and what to watch as we head into the second half of 2025.
Let’s take a closer look at the trends to watch:
1. Mortgage Rates Are Easing, and Incentives Are Getting Better
Rates aren’t plummeting, but they’re finally offering some relief. As of this month, the average 30-year fixed mortgage rate sits at 6.58%, the lowest since October 2024. That’s down from the 6.7%+ levels we saw earlier this year.
Even better? Certain new-home builders are offering special financing with rates as low as 3.75% for qualified buyers. That’s opening the door for people who were sitting on the sidelines, worried about affordability.
Bottom line: the rate shouldn’t be the dealbreaker anymore. The real advantage goes to those who are informed and ready to act when the right property — and the right numbers — line up
Even a small rate reduction could bring meaningful savings, lowering monthly payments and giving buyers a bit more flexibility in their budget. Just keep in mind that rates are influenced by many factors, and some volatility is still likely. Trying to “time the bottom” of the market can backfire, so if a move makes sense for your life right now, the smart strategy is to stay informed and be ready to act when the time feels right.
2. Inventory Is Surging — Especially in Las Vegas
Nationwide inventory is up year-over-year, but Nevada is leading the charge with a 52.9% jump in active listings. Las Vegas is even hotter on the supply side — listings were up a staggering 77.6% in June compared to last year.
More listings mean more options for buyers and a better chance for sellers to move up or downsize without feeling “stuck.” That said, more competition also means your home needs a serious marketing edge to stand out.
3. Home Prices: Stable Overall, but Varying Month to Month
In June, the median sold price for single-family homes in Las Vegas hit $485,000, a 2.1% gain over last year and tying seasonal records. By July, the median adjusted to $440,000, about 2.2% lower year-over-year, with the average home taking 56 days to sell.
This slight seasonal cooling isn’t a sign of a crash — it’s a sign of a market finding its balance after years of rapid growth. Long-term fundamentals remain strong thanks to population growth, limited land, and investor interest.
4. The Market Pace Has Shifted
Spring 2025 went down as the slowest in 13 years. In Las Vegas, active listings jumped 38% while sales fell 15% year-over-year. The market now sits at roughly 4 months of supply — leaning toward balance but still favoring sellers with the right pricing and presentation.
So… Should You Move Now?
If you’ve been waiting for the “perfect” market, here’s the truth: there’s no such thing. But right now, we have a rare mix of more choices for buyers and steady demand for well-marketed homes. That’s a window worth paying attention to.
If you’re buying, you have more leverage, more options, and in some cases, access to builder rates you haven’t seen in years. If you’re selling, the right strategy can still get you a strong price — but it takes more than just sticking a sign in the yard.
👋 Thinking about a move or curious what your home could sell for today? Let’s talk. I’ll give you a clear, local perspective and show you what’s actually working in this market — so you can plan your next step with confidence.
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