Foreclosures Down in Las Vegas

The LVRJ reports today that foreclosures are down in Las Vegas. I was particularly struck by this sentence:

Nevada ranked No. 8 in the nation with 3,176 foreclosures, down from 4,020 in September.

That is a BIG decline in foreclosures. And it’s almost exactly equal to the number of sales in the month. So Vegas is absorbing all of its foreclosures right now.