South Lake Tahoe Real Estate Update

If you are thinking about listing or buying real estate in South Lake Tahoe, starting your journey by knowing the local stats is beneficial to both buyers and sellers. Chat with your South Lake Tahoe realtor on what is happening in your area. They can give you the average sold price, days on market, month supply and more which can help you figure out what type of offer to make and what type of offer to accept. Each neighborhood has their own report so be specific with your South Lake Tahoe realtor on what type of homes for sale in South Lake Tahoe you want to buy. A home in Tahoe Keys will likely have a different comparable analysis compared to a home for sale in Al Tahoe. The report below is for South Lake Tahoe real estate in general. Take a look below and feel free to call me if you have more questions on real estate in South Lake Tahoe.

The average sold price for homes for sale in South Lake Tahoe is up 4.5% from this time last year at $542,819. The median sold price for South Lake Tahoe homes for sale is up 5.9% from last year at this time at $450,000. The average sold price is down while the median sold price is up. The average percentage of list price is currently 97.2%. Ask your South Lake Tahoe realtor in South Lake Tahoe how you can use this to your benefit.

Buyers get good news thanks to the amount of South Lake Tahoe homes for sale increasing 9.5% while new listings increased 6.2%. Pendings decreased 1.3% while closed sales went down 2%. The average and median days on the South Lake Tahoe real estate market are currently sitting at 78 for the median and 103 for the average. The month supply went up 11.4% from last year at 3.9. A balanced market needs 6 months and anything less than 4 is considered a seller’s market. Have questions about South Lake Tahoe real estate or looking for a realtor in South Lake Tahoe? Feel free to reach out. I would be happy to help!

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