Let me know how I might be able to help you with your new home purchase.
There is no right answer to your question since there are many variables that can produce a wide range of outcomes. The moving parts in a short sale are the sellers current situation as it relates to why they need a short sale and whether they even qualify, the Realtor/negotiating team who has the listing since much of the work is on their shoulders, and thirdly the bank(s) who have the lien on the home. We use a full time negotiating team to work on our short sale listings once an accepted offer comes in but in the case of an FHA loan, it can still take upwards to a year. Now, most of our short sales take around 90 days to complete once an offer comes in but again, this can vary.
The market has improved leading to fewer short sale listings but we are still working them with success. Ask any of our past clients, some of their comments can be seen on my website.