Incline Village, NV
Mon Mar 25 2019
This week the median list price for Incline Village, NV is $1,672,500 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 26. Click here to stay informed with the Incline Village market!
Market Action Index
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.
Slight Buyer's Advantage
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.
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.