Las Vegas Area REO Inventory has FALLEN since last report (-468 units), Under Contracts have FALLEN by (-62) units Closing data has FALLEN by (-33) 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 44% of all Las Vegas Area Valley resale closings in February 2012. REO listings account for only 17% of total resale listings. Current Listed Bank Owned Statistics: Listings (3/15/2012): 1235 Under Contract (3/15/2012): 2773 Sold February 2012: 1623 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? Genera... 03/18/2012