MID SUMMER MARKET UPDATE
A Note From Team Tahoe
Despite concerns of a ‘slowing market’ and talks of recession, the Truckee-Tahoe real estate market has continued to gain momentum as the year has progressed. We now find ourselves in summer’s full swing, and with it, a vibrant market holding steady due to a continued lack of inventory and the desire for buyers to live their ‘best life’ in the mountains!
Tahoe-Truckee has now seen 3 straight months of growth in the market with 45 new listings in the past week and a total 335 residences actively for sale. The market saw 107 closed sales in June with a whopping 29% of those sales over asking price and 23% at asking price. With just over 2 month’s worth of inventory, the market is strong and we hope continues to be steady!
Potential sellers are encouraged to take advantage of favorable market conditions, as there is a strong and steady demand for well-priced and well-maintained properties. Buyers who may be on the fence are encouraged to buy as prices continue to be on the rise. No matter buyer or seller, our team can help you attain your goals!
Please feel free to call or email us today to find out more. In today’s complex and dynamic market, expert analysis is critical.