Las Vegas Area REO Inventory has FALLEN since last report (-120 units), Under Contracts have FALLEN by (-489) units Closing data has FALLEN by (-123) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues.  AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice! REO sales accounted for 34% of all Las Vegas Area Valley resale closings in May 2012. REO listings account for only 13% of total resale listings. Current Listed Bank Owned Statistics: Listings (6/15/2012): 594 Under Contract (6/15/2012): 1702 Sold May 2012: 1357 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 Veg... 06/26/2012