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 is down by 1.5% compared to this time last year and is currently at $840,051. This is also down from last months $852,474. The median sold price for homes for sale in Tahoe Keys is down 6.7% from this time last year and is currently at $716,500.  This is also down from last months $722,500. The average days on market is down 15.2% at 117. The average percentage of list price has increased slightly at 96%. Your Tahoe Keys Realtor uses this 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 12.5%, Closed Tahoe Keys homes for sale are down 4.1%, pending Tahoe Keys real estate is down 1.4% and newly listed Tahoe Keys homes for sale is up 0.9%. The month supply is down 17.9% at 5.5, which was the same as last month. 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 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.