Yes, inventory is still low and ask prices are moving higher. This article by Don Kanare, printed in the Sierra Sun, provides a good overview of the current Incline Village / Crystal Bay MLS market scenario.
Excerpt from the article by Don Kanare, Incline real estate broker and real estate writer...
As of this writing there are 105 houses, 66 condos and 20 freestanding condos listed for sale on the Incline Village MLS. This inventory level is 10% lower than at the same time in 2015 and down more than 50% versus the start of the recession in 2009.
The current number of properties for sale in Incline Village and Crystal Bay reflects a healthy market where we can anticipate some upward pressure on prices during the coming year."
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