The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Absorption is swinging back into a buyer's market at 7.1 months of inventory. 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 increased by +99 units. Under Contract has increased by +581 units. Solds have decreased by -109 units.
Short Sale Synopsis:
- Listings 2/14/2010: 4834
- Pending 2/14/2010: 9498
- Closed January 2010: 685
- Month's Inventory: 7.1
Short Sales Currently Account for:
- 47% of All Las Vegas Valley Listings
- 22% 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.