Why Pending Home Sales Fall Through in Las Vegas Housing Market

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In this photo taken Friday July 15, 2011, in Springfield, Illinois, a newly constructed home for sale, is displayed. AP Photo/Seth Perlman
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LAS VEGAS — Homes marked as “pending” sometimes return to the market when transactions fall through, frustrating both buyers and sellers.

The 2026 Las Vegas housing market is showing a balanced landscape, with houses retaining value. Data from a local real estate group in the valley shows a 30 percent increase in active house listings. As more people buy houses, it will become common to see “pending” listings return to the market. 

This typically happens because ‘pending’ means the seller has accepted the offer, but there are still active contingencies. For example, roof inspections for damage, pool repairs, and foundation issues can be a deal-breaker. Other reasons why a translation might fail are issues related to financing. Poor debt-to-income ratios, appraisal gap problems, and failure to complete final underwriting are the most common reasons. 

For some buyers, insurance complications can be a deal breaker. Increasing insurance premiums driven by construction costs and increased severe weather risks have made buyer qualification stricter.