From the most recent housing market report for Incline Village, Nevada…
This week the median list price for Incline Village, NV is $2,195,000 with the market action index hovering around 25. This is less than last month’s market action index of 29. Inventory has held steady at or around 37.
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.
In terms of supply and demand, the market is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Click on the Market Segments table below to access the entire market report for Incline Village.
Click here to see homes for sale in Incline Village.
