Clark County population
2.47M +1.8%
Local unemployment rate
5.8%
Visitor volume (trailing 12mo)
38.5M −7.5%
Clark County gaming revenue
$13.6B +0.7%
Avg daily room rate (Strip)
$207 −0.8%
Convention attendance
613K −0.4%
Avg weekly wage (private)
$1,100 +7.6%
Median household income
$75,416 +9.8%
Southern Nevada GDP (2024)
$195.9B +6.1%
30-yr mortgage rate
6.4%
Consumer confidence index
91.2 −8.9%
Avg rent (residential)
$2,125 −4.0%
A video making rounds this week claimed Las Vegas is showing "worst sales since 2007." That claim deserves a real answer. In 2007, we had 9+ months of inventory, mass foreclosures, and subprime loans everywhere. Today SFR sits at 2.8 months of supply and over half of homes still sell inside 30 days. Are there real warning signs? Yes — tourism declining, unemployment at 5.8%, consumer confidence falling. I won't pretend those don't matter. But the structural foundation of this market is not 2007. The condo market is correcting. The SFR market is normalizing. Those are not the same thing as a crash.