The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has DECREASED by -480 units. Under Contract has increased by +882 units. Solds have INCREASED by +276 units. (THAT IS HUGE!!)
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
- Listings 4/15/2010: 4323
- Pending 4/15/2010: 11094
- Closed March 2010: 970
Short Sales Currently Account for:
- 46% of All Las Vegas Valley Listings
- 25% of All Las Vegas Valley Sales
Read here for the most current Las Vegas Area Short Sale Report.
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.
It's good to hear Las Vegas is getting some reduced inventory now.
It's good to hear Las Vegas is getting some reduced inventory now.
I love hearing some good news for a change! Love it love it love it! I am glad things are turning around..hope they stay that way, right? Great graphic as always!
Renee,
Vegas short sales are likely to bite even a bigger share of sales in coming months.
Thanks for all of the replies! Kristin: Let's hope they stay that way and can close!!