October Ends With More Inventory, Better Rates—And a Packed Vegas Weekend

The end of October brings crisp mornings, Halloween prep, and a real estate market that’s cooling down—but not stalling out. Inventory is climbing, mortgage rates just dipped, and Las Vegas? Still buzzing with big events and energy.

 Market & Mortgage Snapshot

• Mortgage rates dipped again: National averages for 30-year fixed loans fell to 6.19%, marking the lowest point in over a year and giving buyers a much-needed confidence boost.

• Local prices remain steady: Las Vegas home values are hovering near $426,900, down just 0.6% year-over-year—stable, not sliding.

• Inventory’s climbing fast: Vegas currently leads the country in homes listed without offers, reflecting a shift toward a buyer’s market.

• New construction remains strong: The median sales price for newly built homes hit $529,140, up 4% year-over-year.

 What this means:

• Buyers now have more homes to choose from and slightly better financing conditions.

• Sellers need to focus on condition, pricing, and marketing—gone are the days of automatic bidding wars.

• Investors and watchers should stay tuned. A drop in rates + high inventory could open up off-market and value opportunities.

 What’s Happening in Las Vegas This Week

Looking for something beyond real estate? Las Vegas delivers—whether you’re into sports, shows, or spooky season:

•  Zombie Burlesque (Oct. 30): Campy, creepy, and definitely Vegas. A Halloween-perfect experience.

•  UFC Vegas 110 (Nov. 1): Steve Garcia vs. David Onama at UFC Apex — sure to be a high-energy bout.

•  P&G Las Vegas HBCU Classic (Oct. 25): Celebrating historically Black colleges and football culture at Allegiant Stadium.

•  Always something more: Check out Visit Las Vegas for daily happenings, new restaurants, Sphere shows, and live entertainment on and off the Strip.

 Buyer & Seller Notes for This Week

• Buyers: Use this time wisely. With more inventory and better rates, it’s easier to negotiate and more likely to find the “right” fit. Don’t sleep on homes that have been sitting—they might have motivated sellers.

• Sellers: Stand out or sit out. Well-prepped homes are still moving. Overpriced or tired listings? They’re getting overlooked quickly.

• Everyone else: We’re in a market shift—not a freeze. These “in-between” windows often reward those who act with clarity, speed.

Vegas doesn’t slow down just because fall hits—and neither should you if you’re thinking about a move. Whether you’re watching, searching, or getting ready to sell, now’s the time to be intentional.