Clark County’s Comeback Story
Since 2020, the Clark County housing market has evolved through dramatic shifts — from the immediate impact of the pandemic to a period of strong recovery and long-term growth. And while the COVID-19 outbreak initially disrupted real estate activity, the story since then has been one of resilience, adaptability, and consistent upward momentum in home values.
The early months of the pandemic brought rapid changes in buyer behavior, supply levels, and pricing dynamics. Listings briefly dropped and buyers paused — but the dip didn’t last long. Pent-up demand, low interest rates, and a renewed focus on home life quickly brought energy back into the market. By the end of 2020, median home prices had climbed to $420,000, up from $385,000 in April.
Then came 2021 — a year marked by record-breaking demand, low interest rates, and highly competitive bidding environments. Homes were selling quickly and often above asking, fueled by limited inventory and favorable financing conditions.
By 2022, the market began to recalibrate. Rising interest rates and inflation eased some of the intense competition, and construction activity was challenged by labor shortages and material costs. Despite those headwinds, buyer interest remained strong, and by 2023, the market found a more balanced pace. Median prices reached $527,600 and have held steady into 2024 and 2025 — a 36% increase from five years ago.
While inventory remains tight — with just 1,659 active listings in March 2025, still below pre-2017 averages — the fundamentals of the market are solid. Many homeowners are staying put, especially those with ultra-low mortgage rates secured during the pandemic. Meanwhile, demand continues to grow, particularly among buyers in the $300,000–$800,000 range.
Looking forward, experts see opportunity. A large number of would-be buyers are waiting for interest rates to ease. When they do, likely in late 2026 or beyond, the market could see another strong wave of activity. And while construction hasn’t fully caught up, the current conditions are giving buyers a window of time to make thoughtful, strategic moves.
If you’re thinking about making a move — whether that’s buying, selling, or just planning ahead — I’d love to help you explore your options. Let’s connect and chat about what makes the most sense for you in this evolving market!
