| Absorption Rate. 2012 price increases are a direct result of an artificially generated supply-demand imbalance, which results from government intervention. A balanced market's absorption rate is typically between 5-7 months, however, in some areas the Las Vegas absorption rate is below one month. It is a seller's market with multiple bids on most properties pushing up prices.
Pending Supply. A healthy market does not have more than one month of pending supply...............................................Full Article: Source
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