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 8.2% from this time last year at $591,642. The median sold price for South Lake Tahoe homes for sale is up 2.9% at $468,000. South Lake Tahoe homes for sale have decreased 8.1% from last year at this time. New listings are down 3.3%, pendings are up 12.6% and closed sales are up 1.5%. 

The average days on market is currently around 109. The month supply went down 4.7% at 4.1. 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!