As the holiday season approached, the Clark County real estate market experienced its typical seasonal shift. November 2025 saw a cooling in activity compared to October, but the year-over-year data highlights a market that is finding its footing with steady buyer demand despite lower inventory.
Here is a breakdown of the residential highlights for November 2025.
New Listings
Sellers pulled back significantly in November, a common trend as homeowners delay listing their properties until after the holidays.
- November 2025: 437 New Listings
- November 2024: 483 New Listings
- Year-Over-Year: 9.5% Decrease
- Month-Over-Month: 33.3% Decrease (from 655 in October 2025)
The steep 33.3% drop from October highlights the seasonality of the market, as inventory tightens heading into winter. Year-over-year, new listings are down just under 10%, indicating a slightly more cautious seller pool than last year.
Pending Sales
While new listings dropped, buyer activity remained remarkably stable compared to last year.
- November 2025: 498 Pending Sales
- November 2024: 494 Pending Sales
- Year-Over-Year: 0.8% Increase
- Month-Over-Month: 5.5% Decrease (from 527 in October 2025)
Despite the seasonal slowdown, pending sales actually saw a slight 0.8% increase compared to November 2024. The month-over-month decrease was also relatively mild at 5.5%, suggesting that buyers who are in the market right now are serious and ready to make offers.
Closed Sales
Closed transactions followed the downward trend of inventory.
- November 2025: 406 Closed Sales
- November 2024: 478 Closed Sales
- Year-Over-Year: 15.1% Decrease
- Month-Over-Month: 23.4% Decrease (from 530 in October 2025)
Prices, Inventory, and Market Time
Home values in Clark County continue to hold steady, while inventory levels suggest a move toward a more balanced market.
- Average Sale Price: $630,000
- Median Sale Price: $581,000
- Total Market Time: 71 Days
- Months of Inventory: 4.1 Months
Inventory has risen to 4.1 months, pushing Clark County further into “balanced market” territory. This gives buyers more leverage and choices than they have seen in tighter months. Meanwhile, the average total market time is now 71 days, meaning patience is key for sellers as homes take a little over two months on average to sell.
Summary
November 2025 in Clark County was defined by seasonal norms: tighter inventory and fewer closings. However, the slight year-over-year increase in pending sales is a positive signal that demand hasn’t evaporated — it’s just keeping pace with the available supply.
With inventory over 4 months, buyers have a unique opportunity this winter to negotiate. Sellers, meanwhile, can still find success by pricing correctly for the current market conditions.
Ready to buy or sell in Clark County? Contact Cano Real Estate today to get started!