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 -198 units.  Under Contract has DECREASED by -38 units.    Sold units have INCREASED by +52 units. There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 7/15/2011:  6203 Pending 7/15/2011: 8291 Closed June 2011: 968 Short Sales Currently Account for: 45% of All Las Vegas Valley Listings 22% 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... 07/19/2011