The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has INCREASED by +4 units.  Under Contract has INCREASED by +189 units.    Sold units have DECREASED by -155 units. There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 2/15/2011:  7728 Pending 2/15/2011: 7595 Closed January 2010: 851 Short Sales Currently Account for: 51% of All Las Vegas Valley Listings 28% 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... 02/16/2011