Las Vegas Area REO Inventory has FALLEN since last report (-225 units), Under Contracts have FALLEN by (-164) units Closing data has RISEN by (-328) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. REO sales accounted for 53% of all Las Vegas Area Valley resale closings in July 2011. REO listings account for only 24% of total resale listings. Current Listed Bank Owned Statistics: Listings (9/15/2011): 3060 Under Contract (9/15/2011): 3460 Sold August 2011: 2399 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’s th... 09/22/2011