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 $1,745,000 with the market action index hovering around 26. This is about the same as last month’s market action index of 26. Inventory has held steady at or around 32. [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.]
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Click on the chart below to access the entire report.