Real estate website Trulia released news on May 3 that confirms asking prices as well as rents are on the rise for two or more months. Please click here for the story. Many markets are experiencing double digit growth such as beaten down markets like Miami and Phoenix are leading the way at 16%. Historically Nevada County lags the overall market by four to eight months. So this is a great sign for our local market.
The chart below depicts the current inventory within Nevada CountyInventory is falling.
Two year window into the real estate market in Nevada County.