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.
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
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.
© 2009 Renee Burrows Las Vegas Real Estate Market Report Blog