Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale May 2011
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
The absorption rate for Las Vegas Valley Area Short Sales has swung from a buyer's market back to a stable market. Inventory has DECREASED by -259 units. Under Contract has INCREASED by +104 units. Sold units have INCREASED by +16 units. There are many reasons for the lack of closings in this market and it is outlined in this post. Short Sale Synopsis: Listings 6/15/2011: 6401 Pending 6/15/2011: 8329 Closed May 2011: 916 Short Sales Currently Account for: 46% of All Las Vegas Valley Listings 24% of All Las Vegas Valley Sales Read here for last month's report on Las Vegas Area Short Sales. Most Current Market Report For Short Sales Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers What Areas Do You Cover for your Las Vegas Area Real Estate M...