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 +120 units.  Under Contract has DECREASED by -433 units.    Sold units have DECREASED by -26 units. There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 12/15/2010:  7817 Pending 12/15/2010: 7891 Closed November 2010: 901 Short Sales Currently Account for: 50% of All Las Vegas Valley Listings 19% 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 Es... 12/22/2010