It seems from the MLS listings that the Incline market is beginning to show some life with new listings, some pending sales, and several closed sales. Inventory has been low all winter. More property choices should come to the market this summer.
As a resident since 1993 and a real estate agent since 1994, this should be an interesting summer. 30-year mortgage interest rates seem to be steady now between 6.5-7%. There have been several price reductions and I think the market may start to stabilize as we get closer to summer. Watch the market carefully if you are interested in buying. If you are a seller, you may be in luck. Average days on the market has fallen from over 150 days in February 2023 to near 87 days this month. Stay tuned.