Las Vegas Area REO Inventory has FALLEN since last report (-119 units), Under Contracts have FALLEN (-379) units  Closing data has RISEN (+327) units.  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.   REO sales accounted for 53% of all Las Vegas Area Valley resale closings in March 2010.  REO listings account for only 15% 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 (4/15/2010): 1348 Under Contract (4/15/2010): 2813 Sold March 2010:2010 Absorption Rate:  0.7 Months (THATS LESS THAN ONE MONTH = VERY LITTLE INVENTORY) View Last Month's Report Here   To find the most recent report, click here 04/16/2010