South Lake Tahoe Real Estate Update

If you are thinking about listing or buying real estate in South Lake Tahoe this spring or summer, start off by finding out the local market conditions. Your South Lake Tahoe realtor can give you this information for the market as a whole, as well as the specific neighborhoods and areas you are interested in. These market reports can give you the details needed to help you figure out what type of offer to make and what type of offer to accept. The report below is for South Lake Tahoe real estate in general.

The average sold price for homes for sale in South Lake Tahoe is up 1.8% from this time last year at $546,369, but down from last month. The median sold price for South Lake Tahoe homes for sale is up 4.8% from last year at this time at $460,00. These two numbers are the exact same as last month. The average percentage of list price is currently down from this time last year by 0.3% at 97.3%, which is up slightly from last month.

Buyers get good news thanks to the amount of South Lake Tahoe homes for sale going up 8.9%. New listings are down 10.2%. Pendings are down 11.1% while closed sales went down 8.5%. The average days on market is down to 98 while the median days on the South Lake Tahoe real estate market are currently sitting at 77. The month supply went up 13.5% from last year and is currently at 4.2. 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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