Let's take a look at what's happening with the Incline Village real estate market.
There are 143 active listings of houses, condos and townhomes which is 23% less inventory when compared to last year (185). Of the 106 single family homes and townhomes for sale only 23% are under $1 million, with majority of available homes for sale, 40%, being over the 2 million mark. However, when we look at what sold since the beginning of the year, we can't help but notice that the sold properties were under the 2 million mark, indicating the obvious gap between what’s available for sale and what is actually selling.
Despite the lack of available inventory the Incline Village real estate market is still going strong, and with spring around the corner we should notice a substantial inventory increase as lots of homeowners are waiting for the warmer months to list their homes for sale.