Las Vegas Area REO Inventory has RISEN since last report (+330 units), Under Contracts have FALLEN (-27) units  Closing data has RISEN (+161) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.   REO sales accounted for 40% of all Las Vegas Area Valley resale closings in June 2010.  REO listings account for only 21% 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 (7/15/2010):  2476 Under Contract (7/15/2010): 2760 Sold June 2010:  1625 View Last Month's Report Here   07/23/2010