Las Vegas Area REO Inventory has FALLEN since last report (-304 units), Under Contracts have FALLEN by (-303) units Closing data has FALLEN by (-332) 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 39% of all Las Vegas Area Valley resale closings in April 2012. REO listings account for only 15% of total resale listings. Current Listed Bank Owned Statistics: Listings (5/15/2012): 714 Under Contract (5/15/2012): 2191 Sold April 2012: 1480 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... 06/01/2012