Nevada Economy: Continued Strength in Sales Numbers

Retail sales across Nevada rose 9.4 percent in January to $3.19 billion while Clark County (Las Vegas & vicinity) sales jumped an even higher 10.8 percent to $2.4 billion, state officials reported Thursday. For the first seven months of fiscal 2005, Nevada merchants have now sold $24.88 billion in goods for a 14.7 percent increase — and taxes based on the sales are now $25 million ahead of projections, state Taxation Department officials said. Is it any wonder that the market for Las Vegas real estate is strong and stable? Apparel and accessory stores tied with food stores with a 9.6 percent jump in sales. Sales of home furniture and furnishings rocketed up 8.2 percent, a direct reflection of the expansion in the market for Las Vegas homes.

Comments are closed.