The absorption rate for Las Vegas Valley Area Short Sales went down  for April 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  (-542 units).  Pending units have increased by +1010 units.    Solds have increased by a very nice +94 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 5/15/2009: 5156 Pending 5/15/2009: 4336 Closed April 2009: 317 Month's Inventory: 19.4 (=1.6 Years Inventory.) Short Sales Currently Account for: 41.2% of All Las Vegas Valley Listings 8.2% of All Las Vegas Valley Sales One thing you re... 05/16/2009