Below please find the current housing market report for Incline Village, Nevada, provided by our friends at First Centennial Title.
From this week’s report…
This week the median list price for Incline Village, NV is $1,695,000 with the market action index hovering around 25. This is an increase over last month’s market action index of 23. Inventory has held steady at or around 29. [Note: The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.]
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Click on the chart below to access the entire report.