Below please find the current housing market report for Incline Village, Nevada.
From this week’s report…
This week the median list price for Incline Village, NV is $1,687,500 with the market action index hovering around 27. This is an increase over last month’s market action index of 25. Inventory has held steady at or around 40. 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 been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.
Click on the chart below to access the entire market report.