Las Vegas Area REO Inventory has FALLEN since last report (-5 units), Under Contracts have RISEN by (+45) units Closing data has RISEN by (+2) 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 13% of all Las Vegas Area Valley resale closings in January 2013. REO listings account for only 13% of total resale listings. Current Listed Bank Owned Statistics: Listings (2/15/2012): 538 Under Contract (2/15/2012): 742 Sold January 2013: 356 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 Vega... 02/25/2013

October had surprisingly high unit leased numbers for an October.  This is good news for the rental sector as summer numbers could have been better!  NOTE:  The average rental price did fall dramatically but median rates stayed stable.  Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. Units Leased: October 2008:  1707 September 2008:  1531 August 2008:  1719 July 2008:  1697 June 2008 1564 May 2008:  1554 April 2008:  1536 March 2008:  1531  February 2008:  1632  January 2008:  1500  December 2007:  1156 November 2007:  1452 Average Monthly Rental Rates: October 2008:  $1393 September 2008:  $1610 August 2008:  $1464 July 2008:  $1510 June 2008:  $1503 May 2008:  ... 12/01/2008