Incline Villages MLS inventory as of today, Friday, 2/26/16 is 196 properties.
Historically that is a relatively low number. As a result, expect summer listing / ask prices to be higher.
The current number of escrows as of today is 48. That number moves between a range of about 40 to 60 depending on seasonality. I'd say it is healthy for this time of year when buyers are fewer due to the slower winter season. The asking / listing price range of the escrowed properties is 159k to 2,395k.
Link to National Association of Realtors story regarding the current national market: NAR: Sales Make Gains, Prices ‘Rising Too Fast’ | Realtor Magazine:
Abstract...
"Existing-home sales kicked off 2016 on solid footing, according to the National Association of REALTORS®' latest housing report, released Tuesday. Existing-home sales in January moved to their highest annual rate in six months, while constrained inventory levels also pushed home prices to their fastest increase since last April, according to the report.
Regional Breakdown:
Here’s a closer look at how existing-home sales performed across the country in January.
Northeast: Existing-home sales rose 2.7 percent to an annual rate of 760,000, and are 20.6 percent higher than a year ago. Median price: $247,500 — 0.9 percent above January 2015.
Midwest: Existing-home sales increased 4 percent to an annual rate of 1.30 million in January, and are 18.2 percent above a year ago. Median price: $164,300, up 8.7 percent from a year ago.
South: Existing-home sales were at an annual rate of 2.24 million in January — unchanged from December — and are 5.7 percent higher than a year ago. Median price: $184,800, up 8.5 percent from a year ago.
West: Existing-home sales dropped 4.1 percent to an annual rate of 1.17 million in January, but remain 8.3 percent higher than a year ago. Median price: $309,400, 7.4 percent above January 2015.
Source: National Association of REALTORS®
All regions in the U.S. saw increases in January sales, except for the West region."
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