The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement for June 2009. Absorption still remains high BUT is hovering around the 1 year mark. Solds have FINALLY gone from hovering the 200 unit mark and went over the 400 mark. I see improvement in this sector! Inventory has decreased (-233 units). Pending units have increased by +805 units. Solds have increased by +58 units. Absorption down by 2.1 months
Short Sale Synopsis:
- Listings 8/15/2009: 4802
- Pending 8/15/2009: 7283
- Closed July 2009: 458
- Month's Inventory: 10.5
Short Sales Currently Account for:
- 41.5% of All Las Vegas Valley Listings
- 10.1% of All Las Vegas Valley Sales
If you need to sell your home through the short sale process, you can either fill out the form on this page or you can call 702-966-2494 and press option 0.
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**Las Vegas, NV Area Short Sale July 2009 Real Estate Market Inventory Update**