The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has INCREASED by +319 units.  Under Contract has DECREASED by -440 units.    Sold units have DECREASED by -135 units. There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 11/15/2010:  7697 Pending 11/15/2010: 8324 Closed October 2010: 927 Short Sales Currently Account for: 49% 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 Market Reports? General ... 11/15/2010