Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Las Vegas NV Area November 2009 REO Inventory Update: Still Very Little Inventory

Las Vegas Area REO Inventory has risen since last report (+10 units), Under Contracts have fallen (-543) units  Closing data has vallen (-491 units).  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.  
REO sales accounted for 63% of all Las Vegas Area Valley resale closings in October 2009.  REO listings account for only 22% 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 (12/15/2009): 2253 Under Contract (12/15/2009): 3911 Sold November 2009:  2378 Absorption Rate:  0.9 Months (THATS LESS THAN ONE MONTH = VERY LITTLE INVENTORY) View Last Month's Report Here  
To find the most recent report, click here
... more

__________________________________________________
Are you on The Rain? Grow Your Network!