The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has INCREASED by +672 units. Under Contract has DECREASED by -925 units. Sold units have INCREASED by +377 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
- Listings 7/15/2010: 5231
- Pending 7/15/2010: 10460
- Closed June 2010: 1416
Short Sales Currently Account for:
- 45% of All Las Vegas Valley Listings
- 35% of All Las Vegas Valley Sales
Read here for last month's report on Las Vegas Area Short 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.
