Las Vegas Area REO Inventory has FALLEN since last report (-433 units), Under Contracts have RISEN by (+360) units  Closing data has FALLEN by (-443) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.   REO sales accounted for 51% of all Las Vegas Area Valley resale closings in January 2011.  REO listings account for only 19% of total resale listings. Current Listed Bank Owned Statistics: Listings (2/15/2011):  2935 Under Contract (2/15/2011): 2920 Sold January 2011:  1582 View Last Month's Report Here   For Most Current Las Vegas REO Inventory Market Report. What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably a... 02/18/2011