Las Vegas, NV Valley Short Sale Inventory Absorption Update January 2008: 5.9 Years!

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Las Vegas, NV Valley Short Sale Inventory Absorption Update January 2008: 5.9 Years!

The absorption rate for Las Vegas Short Sales has dipped slightly for January 2008.. Inventory has risen dramatically (+316). Pending units have risen slightly at +38 Units. Solds have increased by 10 units.

There are many reasons for the lack of closings in this market and it is outlined in this post .

Short Sale Synopsis:

Listings 1/27/2008: 4561
Pending 1/27/2008: 365
Closed 12/20/2007-1/20/2008: 64
Month's Inventory: 71.3 (=5.9 Years Inventory.)

One thing you really need to consider when buying or selling short is to make sure the list agent is EXPERIENCED in this niche. These deals are hard to pull whether it is or is not an experienced agent.

Read here for last month's report on Las Vegas Area Short Sales .

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Posted by Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com on 01/27/2008 01:05 PM

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Originally posted at: Nevada Real Estate >> Las Vegas Real Estate Specialist: Las Vegas, NV Valley Short Sale Inventory Absorption Update January 2008: 5.9 Years!

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Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com

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