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 DECREASED by -1191 units. Under Contract has INCREASED by +1117 units. Sold units have INCREASED by +101 units. There are many reasons for the lack of closings in this market and it is outlined in this post. Short Sale Synopsis: Listings 3/15/2012: 2965 Pending 3/15/2012: 10176 Closed February 2012: 1083 Short Sales Currently Account for: 41% of All Las Vegas Valley Listings 30% 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 ... 03/18/2012