Are We Building Too Many Homes in Las Vegas?

By Tania Michaels

Tania Michaels is a seasoned real estate professional with nearly two decades of experience in the field. She began her career as a top loan originator before becoming a key player in land acquisitions, closing over $215M in transactions.

You’ve probably seen the headlines: “Too many new homes. Another crash coming?”

But is there any truth to that? Having spent years in the industry, I can tell you this: headlines can be misleading.

What’s happening in the Las Vegas housing market? Right now, we are seeing more new homes for sale. Builders are increasing inventory, which might sound alarming if you remember 2008. But when you look at the total number of homes available, both new and existing, we’re still far from the oversupply levels that triggered the last crash.

In fact, for over a decade, the opposite has been true: builders have consistently underbuilt, leaving us with a shortage of homes to meet growing demand.

Today’s rise in new construction is a positive development. It means more choices for buyers, often paired with incentives and upgrades that make new homes even more appealing.

So no, this isn’t the start of another collapse. It’s actually a sign of a healthier, more balanced market.

What do you think? Are we building too many new homes—or is this exactly what Las Vegas needs right now?

If you have questions about the market or need help buying, selling, or investing in real estate, don’t hesitate to reach out. Call me at (702) 583-6555 or email sales@MichaelsTeam.com. I’m here to help.