Tahoe Keys Real Estate Market Update

If you are getting ready to buy or sell Tahoe Keys homes for sale, you have come to the right spot. The best way you can start your buying or selling journey is by connecting with a Tahoe Keys realtor who can provide an accurate update on the current market. Knowing whether the Tahoe Keys real estate market is in favor of the buyer or the seller can give you incredible info. As can the average & median sold price, days on market, percentage of list price and more. The best place to get this information is from an experienced Tahoe Keys realtor as the market conditions can change from month to month. The littlest increase or decrease can impact the type of offer you make or the offer you accept. So how is this neighborhood looking right now? Let’s look at the stats.

The good news for sellers is that the average and median sold price for Tahoe Keys homes for sale have gone up compared to this time last year. The median sold price for Tahoe Keys real estate is up 6.4% at $743,750. The average sold price is up 8.4% at $868,544. While the sold prices for homes for sale in Tahoe Keys may have gone up, the percentage of list price has actually gone down a little bit and is currently at 95.8%. This number can be better explained by your Tahoe Keys realtor, but in a nutshell, it helps you gauge your negotiation power.

Sellers aren’t the only ones getting good news this month. Buyers can rejoice knowing they have some new inventory to choose from. Homes for sale in Tahoe Keys have increased 14.7%, new listings have gone up 12.1%, pendings have gone up 11.8% and closed homes for sale in Tahoe Keys have gone up 9.2%. Days on market have decreased compared to this time last year and the median is now at 99 while the average is at 131. The month supply is still in a buyer’s market at 6.5. Currently, this neighborhood 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!

Speak Your Mind