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