Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale August 2012 (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month: Active Listing Inventory has INCREASED by +14 units. Under Contract has DECREASED by -112 units. Sold units have INCREASED by +187 units. There are many reasons for the lack of closings in this market and it is outlined in this post. Short Sale Synopsis: Listings 9/15/2012: 1119 Pending 9/15/2012: 11997 Closed August 2012: 1581 Short Sales Currently Account for: 23% of All Las Vegas Valley Listings 44% 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 Buyer...