Las Vegas Area REO Inventory has FALLEN since last report (-116 units), Under Contracts have FALLEN (-623) units  Closing data has RISEN (+170).  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.   REO sales accounted for 62% of all Las Vegas Area Valley resale closings in December 2009.  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 (1/15/2010): 2137 Under Contract (1/15/2010): 3288 Sold December 2009:  2548 Absorption Rate:  0.8 Months (THATS LESS THAN ONE MONTH = VERY LITTLE INVENTORY) View Last Month's Report Here   To find the most recent report, click here 01/17/2010