Tahoe Keys Monthly Market Update

If you are getting ready to buy or sell Tahoe Keys homes for sale, this monthly market report should offer some information to help you get started. The best way you can start your buying or selling journey is by connecting with a Tahoe Keys realtor who can not only guide you, but educate you, on the current Tahoe Keys real estate market. Knowing what the average & median sold price is, or the average days on market or percentage of list price are can give you great insight that can help you navigate the journey to home selling and buying. The best place to get this information is from an experienced Tahoe Keys realtor. The market conditions change, along with interest rates which can have an impact on both parties. So how is this neighborhood looking right now? Let’s look at the stats.

The good news for sellers is that both the average and median sold price for Tahoe Keys homes for sale have gone up compared to this time last year. The average sold price is up 4% at $846,950. The median sold price for Tahoe Keys real estate is up 0.3% at $732,500. The sold prices for homes for sale in Tahoe Keys may have gone up compared to this time last year, but they are actually down from last month by a pretty substantial amount. The percentage of list price has also gone down a little bit and is currently at 96.1%. This number can be better explained by your Tahoe Keys realtor, but it helps determine your negotiation power.

Now as far as inventory is concerned, buyers can rest easy knowing they have some new inventory to choose from! Homes for sale in Tahoe Keys have increased 5.7%. New listings, on the other hand, have gone down 0.9%. Pendings have increased 27.3% and closed homes for sale in Tahoe Keys have gone up 20%. Days on market have decreased compared to this time last year and the median is now at 102 while the average is at 131. The month supply is still in a buyer’s market at 6.1, which is up 13% compared to last year, but down from last month’s 6.5. This neighborhood currently has the highest inventory level on the California side of the South Shore. For more information on the Tahoe Keys real estate market, feel free to reach out. I would be happy to help!

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