Home sales continue to be stagnant in Nevada County but prices are surging. The latest numbers from CoreLogic show 190 homes sold in May, an increase of only one from a year ago, but down five from April. John Miller, the owner of Intero Real Estate Services in Grass Valley, says it’s due to what he calls the lowest inventory he can recall in a long time…

click to listen to John Miller

Meanwhile, Nevada County’s median home prices are up 16-percent from a year ago, at over 372-thousand dollars, the biggest annual increase in the eight-county region. Miller says the most significant increases have been seen this year, after being flat the last half of 2014…

click to listen to John Miller

Miller says the lack of inventory also means a lot more competitive offers for homes, some exceeding the original asking price.