Report: Las Vegas Home Sellers Currently Outnumber Buyers by 92%, 44% Gap Nationwide
LAS VEGAS, NV – According to a new report by Redfin, in January there was an estimated 44 percent more home sellers than buyers – which, in numerical terms, would equate to 600,314 – representiong a 30 percent increase year-over-year and the second-largest gap since the brokerage first began tracking such data in 2013.
However, the gap in Las Vegas, Nevada was far greater than the national average, with Redfin noting that there were 92 percent more sellers than buyers in January.
The largest gap between sellers and buyers in the national real estate marketplace was 45 percent, which Redfin notes took place in December 2025.
Redfin analyzed the 50 most populous U.S. metropolitan areas, and defines a buyer’s market as one where there are more than 10 percent more sellers than buyers. In contrast, a seller’s market is one that has over 10 percent less sellers than buyers, and a market is considered “balanced” if there is a plus or minus gap of no more than 10 percent.
By those definitions, Redfin notes that the country has been an overall buyer’s market since May 2024.
The strongest seller’s market in January was Newark, New Jersey, which had an estimated 31 percent fewer sellers than buyers, followed by Nassau County, New York (-29 percent), Milwaukee, Wisconsin (-26 percent), Montgomery County, Pennsylvania (-26 percent) and New Brunswick, New Jersey (-17 percent).
In a situation where sellers greatly outnumber buyers, the latter have distinct advantages because the large number of options they possess gives them more negotiating power. However, one still needs to have the financial means to afford to purchase a home in a buyer’s market, and record-high home prices, coupled with expensive borrowing costs and the uncertainty currently plaguing the economy are still proving to be formidable barriers for many when it comes to homeownership.
Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.
Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management