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Las Vegas NV Area May 2010 REO Inventory Update

Renee Burrows - Las Vegas Real Estate -  (702-580-1783) www.ShackDiva.com: Real Estate Agent in Las Vegas, NV

Las Vegas REO Homes for Sale

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