The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Absorption is swinging into stable market territory. Solds have FINALLY gone from hovering the 200 unit mark and near the 650-800 units mark. I see improvement in this sector! Inventory has DECREASED by -31 units. Under Contract has increased by +714 units. Solds have INCREASED by +9 units.
Short Sale Synopsis:
- Listings 3/14/2010: 4803
- Pending 3/14/2010: 10212
- Closed February 2010: 694
Short Sales Currently Account for:
- 48% of All Las Vegas Valley Listings
- 23% 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.