The 2025 Real Estate Market Predictions from 3 Reliable Sources
The real estate market in Nevada, especially Las Vegas and most of the Clark County areas, is poised for significant growth in 2025. This growth is driven by favorable economic conditions, demographic shifts, and technological advancements. While it is impossible to determine the future, analysis of real-time trends and market data can help individuals set up a game plan for how they would approach the real estate industry coming into the next year.
At the Dulcie Crawford Group, we are dedicated to helping all aspiring homeowners and sellers enter the new year equipped with the right information. We gathered the opinions of 3 established organizations to create a Real Estate Forecast for 2025:
National Association of Realtors- Economic Outlook and Home Sales Nationwide
Lawrence Yun, Chief Economist for the National Association of Realtors® (NAR), forecasts a 9% increase in existing-home sales nationwide in 2025, with a further 13% rise anticipated in 2026. This positive trend is attributed to stabilizing mortgage rates and ongoing job creation, factors that are expected to bolster housing demand across the country, including Nevada.
In summary, the NAR’s 2025 forecast underscores a vibrant and evolving real estate market in Nevada, driven by favorable economic trends and a diverse pool of buyers ready to invest in the state’s future.
Chase Bank- Demographic Trends Influencing the Market Nationwide
Generation Z is emerging as a notable force in the housing market. A study highlighted by Chase Bank reveals that 24-year-olds have a homeownership rate of 27.8%, surpassing both Millennials and Generation X at the same age. This generation’s proactive approach to homeownership, coupled with their willingness to explore diverse geographic areas, is likely to contribute to increased housing demand in Nevada’s urban and suburban regions.
As these dynamics unfold, both buyers and sellers can look forward to a dynamic and opportunity-rich market in the Silver State.
Nevada Home Builders Association- Technological Integration in Real Estate
The Nevada Home Builders Association emphasizes the growing impact of technology on the construction and real estate sectors. Innovations are enhancing efficiency and reshaping commercial real estate practices. As these technological advancements continue to evolve, they are expected to streamline operations and improve the homebuying experience in Nevada, making the market more accessible and appealing to a broader range of buyers.
Nevada’s real estate market in 2025 promises to be dynamic, resilient, and increasingly geared toward innovation, ensuring a thriving future for both buyers and builders.
Challenges and Considerations
Despite the optimistic outlook, challenges such as limited housing inventory and an inflation of both material and labor costs, may lead to increased home prices. However, the anticipated stabilization of mortgage rates and increased construction activity are expected to mitigate these issues, providing more opportunities for prospective homebuyers in Nevada.
Chase Bank also predicts that challenges like inventory shortages and rising prices may persist, potentially creating a competitive market. Nevertheless, Chase Bank’s data suggests that Nevada’s real estate market in 2025 will remain resilient and attractive to younger, motivated buyers eager to establish roots in a thriving state.
In summary, Nevada’s real estate market in 2025 is expected to experience robust growth, supported by favorable economic conditions, the emergence of new buyer demographics, and the integration of innovative technologies. These factors collectively position the state for a dynamic and prosperous real estate environment in the coming years.
As a side note, Dulcie and her team just met with One Nevada Credit Union for 2025 market updates. We were told to expect interest rates to begin receding in 2025, maybe by the third to fourth quarter could see significant reductions. We were also updated that one of the largest funded home assistance programs called the Middle Income Grant Program is likely to be brought back, and monies released by Spring 2025. This is a first-time home buyers’ assistance program that granted up to $50,000 of downpayment and/or closing cost assistance to qualified buyers. First-time home buyers can have owned a home in the past, just not in the last two years. This is a huge opportunity! Contact Dulcie directly for more details.
Dulcie Crawford is a native Nevadan, born and raised in Las Vegas. Dulcie stays current with market conditions and keeps continuously updated on market trends, legal reforms and financing so she can assist you in making informed decisions. A senior Realtor with Signature Real Estate Group, she has sold over 1,200 homes since 1998. You are assured a professional experience when buying or selling Real Estate with The Dulcie Crawford Group.
