Clark County Housing Update - Resale Only
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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Source: NWMLS - Resale only
CURRENT INTEREST RATE
© 2025 John L. Scott Real Estate
The kickoff to spring is slowly defrosting the housing market. In the later part of February, we saw a steady decline of interest rates into the upper 6s and yet, the number of new listings remains low keeping the Sales Activity Intensity™ at a surge level.
SPRING IS NEAR
MARKET PRICING
6.74%
Key Market Indicators MARCH 2025 (FEBRUARY RECAP)
The lock-in effect, with many homeowners holding home mortgage interest rates around 3%, is keeping the inventory low as listings aren’t coming on the market in the normal sequence. This effect is causing a buoyant price support in the mid-price ranges. As always, don’t hesitate to reach out if you, your family, or your friends are thinking of moving or have any questions!
March 3, 2025 Source: Mortgage News Daily