Las Vegas Area REO Inventory has RISEN since last report (+431 units), Under Contracts have FALLEN (-64) units Closing data has FALLEN (-384) units. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.
REO sales accounted for 45% of all Las Vegas Area Valley resale closings in April 2010. REO listings account for only 19% of total resale listings.
Current Listed Bank Owned Statistics:
- Listings (5/15/2010): 1779
- Under Contract (5/15/2010): 2749
- Sold April 2010: 1626