South Lake Tahoe Real Estate Report

When it comes to buying or selling homes for sale in South Lake Tahoe, educating yourself on the current market conditions is really important. With any investment or major purchase, most consumers do their research and South Lake Tahoe real estate is no exception. Luckily, if you choose a qualified South Lake Tahoe realtor, we do a lot of the work for you. We deliver listings that match your criteria as well as market reports straight to your inbox. You can use details like sold prices, month supply and days on market to your advantage as both a buyer and a seller. Each month the market changes a little bit, and these changes can have impacts on both parties. So how is the current market doing? Check out the numbers below.

As far as pricing goes, the average and median sold price for homes for sale in South Lake Tahoe have increased compared to this time last year. The average sold price for South Lake Tahoe homes for sale has increased 4.2% at $537,374 while the median has gone up 5.3% to $450,000. The percentage of list is still at 97.4%.

As far as inventory goes, South Lake Tahoe homes for sale have gone up 8.7% at 226. The amount of new listings available has risen 3.2%, pending sales have decreased minimally at 0.1% and the closed sales have decreased 3%. Days on market for South Lake Tahoe real estate is currently at a 76 for the average and 101 for the median. Month supply is also up 11.8% from this time last year at 3.8 which has stayed the same for the past few months. This number tells us we are still in a seller’s market in general, but your South Lake Tahoe realtor can give you information on each specific neighborhood as the details do vary. For more information, feel free to give me a call. I would be happy to help!

Speak Your Mind