Las Vegas Area REO Inventory has RISEN since last report (+288 units), Under Contracts have RISEN by (+291) units  Closing data has FALLEN by (-32) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.   REO sales accounted for 46% of all Las Vegas Area Valley resale closings in May 2011.  REO listings account for only 24% of total resale listings. Current Listed Bank Owned Statistics: Listings (6/15/2011):  3365 Under Contract (6/15/2011): 3556 Sold May 2011:  1784 View Last Month's Report Here   For Most Current Las Vegas REO Inventory Market Report. What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’... 06/17/2011