Southern Nevada's housing market opened the year with momentum shifting toward buyers, as prices eased from recent peaks and the number of homes available for sale climbed sharply, according to data released Friday by Las Vegas Realtors.
The median sale price of a luxury home in the United States climbed 4.6% from a year earlier to $1.31 million in December, significantly outpacing gains in the broader housing market, where non-luxury prices rose just 1.4% to $375,000 -- the slowest rate of appreciation recorded since tracking began in 2013.
Homeowner equity across the United States softened modestly in the final months of 2025, signaling a housing market that is losing some of the rapid momentum built during the pandemic-era boom but still resting on a comparatively solid financial foundation.
Homebuyers in 2025 secured historically large discounts off asking prices, according to new data from Redfin, reflecting one of the strongest buyer's markets in recent memory.
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