The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has DECREASED -130 units.  Under Contract has DECREASED by -481 units.    Sold units have INCREASED by +1006 units. There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 1/15/2011:  7724 Pending 1/15/2011: 7406 Closed December 2010: 1006 Short Sales Currently Account for: 50% of All Las Vegas Valley Listings 26% 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 Esta... 01/24/2011