Bruce & Hammer (North Las Vegas, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Comments 8
The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement.  Absorption is moving to the stable market territory at only 5.9 months of inventory.  Solds have FINALLY gone from hovering the 200 unit mark and near the 800 units mark.  I see improvement in this sector! Inventory has increased by +260 units.  Under Contract has decreased by -99units.    Solds have increased by +149 units. There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 1/15/2010: 4735 Pending 1/15/2010: 8917 Closed December 2009: 794 Month's Inventory: 5.9 Short Sales Currently Account for: 45% of All Las Vegas Valley Listings 19% of All Las Vegas Valley Sales  Read here for the most current Las Vegas Area Short Sale Re...
North Las Vegas, NV Real Estate Professionals