January Balance — Buyers Return, Inventory Adjusts & Vegas Events Light Up the City

It’s the last full week of January, and Las Vegas is showing a real estate rhythm that feels balanced — not rushed, not flat, just practical. Buyers are stepping back into the market now that rates eased a bit, sellers are fine‑tuning pricing and presentation, and the city itself keeps drawing people with entertainment and experiences that extend beyond homes and listings.

Market Snapshot — Week of Jan 26, 2026

The housing market in the Las Vegas area has shifted toward a more balanced pace, with inventory tightening slightly and sales activity cooling modestly.

• Active single‑family home listings have declined from about 7,300 to 6,800, reflecting absorption of existing inventory rather than a surge of new listings — a sign the market isn’t oversupplied. 

• Closed sales volume softened too, with homes sold declining from roughly 1,600 to 1,450 over the past month. 

• Months of supply are holding at around 4.6 months, indicating a balanced environment where neither buyers nor sellers dominate entirely. 

• A strong buyer’s market exists locally: in the Las Vegas area, sellers outnumber buyers by about 86%, making it easier for buyers to shop without pressure. 

Mortgage news you should know: Nationwide, mortgage rates dipped near **≈ 6.06% — the lowest since late 2022 — and buyer activity is picking up as a result. Agents from multiple markets, including Vegas, report more showings and loan inquiries this month. 

What this means:

• Buyers: More choice, better leverage, and thoughtful decision‑making are the theme right now.

• Sellers: Pricing and condition matter more than timing — a presentable home with a realistic list price still gets attention.

• Everyone watching: The market’s slower pace isn’t a sign of decline — it’s a sign of maturity and opportunity. 

Las Vegas Happenings — Week of January 26

The city opens doors and lights up long after the holidays. Here’s what’s happening around town:

 Shows & Experiences (Jan 24–31):

Las Vegas is stacked with performances this month, from immersive experiences to rock and comedy. Shows on stage this week include The Wizard of Oz at the Sphere, Tournament of Kings, Magic Mike Live, and many others — making entertainment easy to pair with your real estate visits or client meetups. 

 Concerts This Month:

Later this month you can catch Blake Shelton and Steve Aoki (Jan 30) at top venues around town — perfect for residents and weekend visitors alike. 

 Nightlife & Events (Jan 26):

For nightlife lovers, DJ Justin Credible is at Marquee Nightclub on Jan 26 — a lively start to the week on the Strip. 

 Day Trips & Tours:

Beyond shows, there are plenty of outdoor and sightseeing experiences available, like helicopter night flights over the Strip or Grand Canyon and Hoover Dam tours. 

 Convention & Trade Week Impact:

The Venetian and Convention Center corridors remain busy with SHOT Show, World of Concrete, AVN AEExpo, and other overlapping conventions — boosting daytime visitor traffic, hotel occupancy, and local foot traffic near homes and listings. 

This Week’s Takeaways

• Buying: This is a strategic market, not a sprint. You can explore more homes, compare carefully, and find ones with real value.

• Selling: Homes that show well and are priced realistically still find buyers — even in a more balanced environment.

• Living here: Between performances, nightlife, tours, and conventions, Las Vegas offers more than home value — it delivers lifestyle appeal, and that’s something buyers notice.