Below please find this week’s housing market snapshot 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 $1,595,000 with the market action index hovering around 26. This is less than last month’s market action index of 27. Inventory has held steady at or around 41.
While prices have been at a plateau for a number of weeks, 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.