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Las Vegas, NV Area March 2010 Short Sale Inventory Update

Renee Burrows - Las Vegas Real Estate -  (702-580-1783) www.ShackDiva.com: Real Estate Agent in Las Vegas, NV

Las Vegas Short Sale Homes For Sale

Las Vegas Short Sale Absorption Rate

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.