A report released Monday by Las Vegas REALTORS® (LVR) shows the local housing market started 2021 with home prices still rising and the housing supply still shrinking. LVR (formerly known as the Greater Las Vegas Association
The median price of an existing single-family home in Southern Nevada in January was $345,000.That was unchanged from November and December and remains the all-time high, Las Vegas Realtors said in a report issued today.It is up 13 percent from a year ago when the median price of a home was $305,000. Condos and townhomes also had a jump from January of last year, up to $193,000 from $175,000.LVR President Aldo Martinez said the statistics are encouraging since January is usually one of the slowest months for both home sales and prices.He said the supply for homes for sale remains below the six-month supply considered to be a balanced market, estimating that there is an under one-month supply. He said this is good news for sellers.
1/06/2021 12:32:00 PM
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the December 2020 seasonally adjusted annual sales rate (SAAR).
Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new all time high of 575 thousand SAAR in September 2019.
However heavy truck sales started declining in late 2019 due to lower oil prices.
Note: Heavy trucks - trucks more than 14,000 pounds gross vehicle weight.
Click on graph for larger image.
Heavy truck sales really declined towards the end of March due to COVID-19 and the collapse in oil prices, but have since rebounded.
Las Vegas-area home supply dwindles while prices stand pat nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
LAS VEGAS – A report released Wednesday by Las Vegas REALTORS® (LVR) shows local home prices remained in record territory as 2020 came to a close, with rising home sales and a shrinking housing supply. LVR (formerly