Tahoe Keys Real Estate Update

If you have been thinking about selling or buying homes for sale in Tahoe Keys, you will want to do a little homework before you start the process. The first thing you will need to do is find a qualified and professional Tahoe Keys realtor. We can help buyers and sellers understand the current market conditions. As a buyer, you want to feel confident you are paying market value for homes for sale in Tahoe Keys while still creating a competitive offer that sellers consider enticing. Sellers need to make sure they price their homes for sale in Tahoe Keys according to the current market values. If properties are overpriced, they can sit and lose valuable market time. Knowing the current market conditions is why the use of a Tahoe Keys realtor is so necessary. So how is Tahoe Keys real estate doing? Let’s take a look at the numbers InfoSparks is reporting!

The average sold price for homes for sale in Tahoe Keys is down by 0.1% compared to this time last year, but the price is actually up from last months $833,264 and is now up at $852,474. The median sold price for homes for sale in Tahoe Keys is down 6% from this time last year but is up from last month’s $704,250 to $722,500. The average days on market is down 19.7% at 114. The average percentage of list price is down slightly at 95.9%, which it has been for the past couple months. Your Tahoe Keys realtor will weigh in more on this number, but essentially it is used as a tool to determine your negotiation power.

As far as inventory goes, the categories we look at have a mixed review. The amount of Tahoe Keys homes for sale is down 10.3%, Closed Tahoe Keys homes for sale are up at 2.9%, pending Tahoe Keys real estate is up 2.9% and newly listed Tahoe Keys homes for sale is up 3.7%. The month supply is down 17.9% at 5.5. Anything less than 4 is considered a seller’s market while a market needs a 6 month supply in order to be balanced.

Now, it is important to know that each town, and neighborhood within that town, has their own market report. If you are looking for more information on Tahoe Keys real estate, feel free to give me a call. I would be happy to help.

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