Las Vegas, NV Area Short Sale October 2009 Inventory Update

Reblogger
Real Estate Agent with RE/MAX CENTRAL

 

Original content by Renée Donohue~Home Photography B.1000860.LLC

Las Vegas Area Short Sale Homes For Sale

The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement.  Absorption is moving to the stable market territory at only 6.5 months of inventory.  Solds have FINALLY gone from hovering the 200 unit mark and went over the 500 mark.  I see improvement in this sector! Inventory has decreased  (-116 units).  Pending units have increased by +179 units.    Solds have increased by +96 units. 

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

Short Sale Synopsis:

  • Listings 11/15/2009: 4475
  • Pending 11/15/2009: 8738
  • Closed October 2009: 688
  • Month's Inventory: 6.5

Short Sales Currently Account for:

  • 43% of All Las Vegas Valley Listings
  • 16% 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. 

Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale

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