Las Vegas sales up 28% YoY for May17

[Terry Lao]

Las Vegas home sales was up 28% year over year for May'17. I suspect that April was low due to a short month, began on weekend, and ended on weekend. Thus, whatever escrow that could not close in April got rolled into May. I would average the 28% over two months, making May'17 about 14%.

Overall, IMO, Las Vegas home sales increasing due to low inventory, spring/summer peak season, and the hype of the Las Vegas Raiders.

https://macro.economicblogs.org/calculatedrisk/2017/06/mcbride-las-vegas-sales-28-yoy-inventory/

Terry Lao