The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has INCREASED by +913 units.  Under Contract has DECREASED by -635 units.    Sold units have DECREASED by -268 units. There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 8/15/2010:6144 Pending 8/15/2010: 9825 Closed July 2010: 1148 Short Sales Currently Account for: 44% of All Las Vegas Valley Listings 32% 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 What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-605 (the average consumer prob... 08/20/2010