< Back to All News

Housing Inventory still Low in Nevada County

Posted: May. 20, 2016 10:57 AM PDT

The real estate market in Nevada County is improving from what it was at the beginning of the year. But Nevada County Association of Realtors President Greg Bulanti says a shortage of inventory is still a problem.

click to listen to Greg Bulanti

 

January saw only 300 active listings in Nevada County,  the lowest level in 10 years. That improved by April with 409 active listings. Bulanti says the homes priced below $500-thousand dollars are selling much faster than those priced above $500 thousand.

click to listen to Greg Bulanti

 

Bulanti says the more expensive homes are still being purchased mostly by Bay area transplants.

click to listen to Greg Bulanti

 

In the first quarter of 2016, 243 homes were sold in Nevada County, the average sales price of those homes was $376,260 and the median price was $340,000.
—

More from my site

More from my site

KNCO Web Comments Guidelines

  1. Keep it clean. Comments with inappropriate language, no matter how cleverly spelled or decorated will not be posted.
  2. Comments on the way the story was written or misspelled words will be passed on to the story authors and not posted.
  3. Please use your real name. Anonymous comments or comments posted using a fake name or web handle may not be posted.
  4. Please use your real email address so we can contact you.
  5. No flaming. Any comments that are primarily of a name calling finger pointing nature may not be posted.
  6. The comment section is not a right it is a privilege. KNCO retains all rights as to what is posted on its website.

Leave A Comment

*

*

* captcha