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 an increase over last month’s market action index of 24. Inventory has held steady at or around 26. [Note: The Market Action Index (MAI) 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.]
While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Click on the chart below to access the entire report.