Las Vegas Area REO Inventory has FALLEN since last report (-117 units), Under Contracts have RISEN by (+40) units Closing data has FALLEN by (-106) 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 (8/15/2011): 3285 Under Contract (8/15/2011): 3624 Sold July 2011: 2071 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 that?... 08/19/2011