Market Monday: Nationwide Real Estate Check-In – April 2025

The U.S. housing market continues to shift as we settle into the second quarter of 2025. Here's what we're seeing on a national scale—and what it could mean if you're buying, selling, or just watching from the sidelines:

1. Mortgage Rates Are Leveling (Kind Of)
After climbing to uncomfortable highs last year, mortgage rates have started to plateau. While most buyers are still looking at rates in the 6.5%–7% range, many lenders are getting creative with rate buydowns, especially for new construction or builder-incentivized purchases.

2. Inventory Is Still Tight—But Improving
We're finally seeing a slight uptick in available homes, especially in suburban and Sunbelt markets. That said, inventory remains well below pre-2020 levels. In many areas, this continues to favor sellers—if homes are priced right and move-in ready.

3. Price Growth Is Cooling (But Not Dropping Everywhere)
National home prices are holding steady, with some cooling in overly-inflated markets. While the West Coast and parts of the Northeast are seeing softer numbers, the South and Midwest continue to show modest appreciation.

4. Cash Buyers & Creative Financing Are Rising
With higher borrowing costs, buyers are finding new ways to compete—owner financing, assumable loans, and cash-backed offers are on the rise. Sellers open to flexible terms may find themselves with more offers to choose from.

5. First-Time Buyers Still Face Challenges
Affordability remains a major hurdle, particularly in metro areas where rent is also sky-high. Many first-timers are turning to townhomes, condos, or relocating to more affordable regions to get in the game.

Now Let’s Talk Nevada
Nevada continues to attract out-of-state buyers—especially from California, Arizona, and the Pacific Northwest—thanks to its no state income tax, relatively affordable housing (compared to coastal markets), and growing job sectors.

In Las Vegas and Henderson:

• Inventory is climbing slightly, giving buyers a bit more breathing room—though homes under $500K still move quickly when priced right.

• New construction is booming in Henderson, especially in areas like Inspirada and Cadence, with some builders offering incentives to offset high rates.

• Luxury and mid-luxury markets are steady, with high demand for modern, move-in-ready homes and low-maintenance living.

• We're seeing more homeowners curious about cash-out options or testing the waters for a summer sale.

Wondering What This Means for Your Neighborhood?
Real estate is hyper-local. Trends in Anthem Highlands are different from those in Summerlin, Seven Hills, or Mountains Edge. Whether you're thinking of selling or just want to stay in the loop, I’m offering a free, personalized market analysis for your home and neighborhood.

Let’s take the guesswork out of your next move.

Call or text me at 702-265-4323, or email kelijameslv@gmail.com to get started today.

Keli James – Your Home, My Priority!
Real Estate Advisor | Epique Realty | S.56134