The absorption rate for Las Vegas Valley Area Short Sales went down  for May 2009.  Absorption still remains high BUT is under the 2 year mark.  Solds have FINALLY gone from hovering the 200 unit mark and went over the 300 mark.  I see improvement in this sector! Inventory has decreased  (-639 units).  Pending units have increased by +1142 units.    Solds have decreased by -16 units.  Absorption down by 10.6 months There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 6/15/2009: 5517 Pending 6/15/2009: 5478 Closed May 2009: 301 Month's Inventory: 18.3 (=1.5 Years Inventory.) Short Sales Currently Account for: 42.5% of All Las Vegas Valley Listings 7.6% of All Las Vegas Valley Sales One thing you really need to con... 06/17/2009

Northwest Las Vegas Real Estate - Auburn at Providence by Ryland Homes northwest las vegas real estate - new home builders - new homes in Las Vegas      Northwest Las Vegas real estate Providence offers unparalleled quality of life where history, natural beauty and abundant recreation come together in one new homes in Las Vegas master-planned community. Within northwest Las Vegas real estate Providence, Auburn is NOW SELLING! Two and three story homes with 4 floor plans ranging from approximately 2,071 to 2,978 square feet built by new homes in Las Vegas Ryland Homes. Las Vegas New Houses        Auburn at Providence         Topaz Priced From: $302,990 Square Feet: 2071 Model: Yes Bedrooms: 3 Baths: 2.5 Garage: N/A Levels: 2 2-Story, 3 Bedrooms, 2.5 Baths, 2-Car Garage.         Jade Pri... 06/27/2007