The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Absorption is moving to the stable market territory at only 5.9 months of inventory. Solds have FINALLY gone from hovering the 200 unit mark and near the 800 units mark. I see improvement in this sector! Inventory has increased by +260 units. Under Contract has decreased by -99units. Solds have increased by +149 units.
Short Sale Synopsis:
- Listings 1/15/2010: 4735
- Pending 1/15/2010: 8917
- Closed December 2009: 794
- Month's Inventory: 5.9
Short Sales Currently Account for:
- 45% of All Las Vegas Valley Listings
- 19% 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.