From the most recent housing market report for Incline Village, Nevada…
This week the median list price for Incline Village, NV is $2,535,000 with the market action index hovering around 30. This is less than last month’s market action index of 31. Inventory has held steady at or around 38.
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.
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Click on the table below to access the entire market report for Incline Village.
Click here to see homes for sale in Incline Village.
