Tahoe Keys Real Estate Update

If you have been thinking about selling or buying homes for sale in Tahoe Keys this spring, you will want to get started by finding a qualified, experienced and professional Tahoe Keys realtor. We help our buyers and sellers understand the current market conditions and how that impacts the buying and selling process. 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 stands out to sellers. 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 has gone up from last year by 14.5% at $951,714 while the median sold price for homes for sale in Tahoe Keys is up 7.9% at $725,000. As far as inventory goes, Tahoe Keys homes for sale are up 2.9% while closed Tahoe Keys homes for sale are down 5.1%, pending Tahoe Keys real estate has gone up 4.1% and newly listed Tahoe Keys homes for sale has gone down 9.3%. The month supply is currently up 10.9% at 6.1 compared to this time last year. Anything less than 4 is considered a seller’s market while a market needs a 6 month supply in order to be balanced. Days on market are at 121.

It is important to know that this market report is for Tahoe Keys specifically. Other neighborhoods will have different numbers, as well as the overall report for South Lake Tahoe. 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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