Las Vegas NV Area May 2010 REO Inventory Update

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Las Vegas Area REO Real Estate Market Report

Las Vegas Area REO Inventory has RISEN since last report (+367 units), Under Contracts have RISEN (+38) units  Closing data has FALLEN (-162) units.  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.  

REO sales accounted for 42% of all Las Vegas Area Valley resale closings in May 2010.  REO listings account for only 20% of total resale listings.

Multiple offers are streaming in as banks continue to lower to fire and auction sale prices.

Current Listed Bank Owned Statistics:

  • Listings (6/15/2010):2146
  • Under Contract (6/15/2010): 2787
  • Sold May 2010:  1464

View Last Month's Report Here  

To find the most recent report, click here

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Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®


copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Show All Comments
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Shack Diva, are you sure you're not making this stuff up?  Impressed, as always! 

Jun 16, 2010 06:04 AM #1
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!


I always love to look at your market reports; especially the graphics

Jun 16, 2010 02:33 PM #2
Esko Kiuru
Bethesda, MD


REO sales still have 42% of the market despite short sales making a move.

Jun 16, 2010 03:05 PM #3
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Renee:  So 80 percent of the listings are either Short Sale or Standard Sale listings.   I would assume that most are Short Sale Listings.

Jun 16, 2010 03:15 PM #4
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Kevin:  I couldn't make this stuff up if I tried ;)

Tom:  Thanks :)

Esko:  YUP it is down quite a bit!

Jane:  Most are short sale listings!

Jun 17, 2010 02:02 AM #5
Heather Fitzgerald
REALTY WORLD-Harbert Company, Inc. - Greenwood, IN
REALTOR Greenwood Indiana Real Estate

Renee, the amount of pending reo's for this chart is amazing.  

Jun 17, 2010 03:17 PM #6
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Heather:  Yes ma'am.  Very popular sale type!

Jul 23, 2010 04:43 AM #7
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