If you are getting ready to buy or list South Lake Tahoe real estate, hiring an experienced South Lake Tahoe Realtor is the best way to get started. Not only can they tell you what the current market conditions look like for both the neighborhoods you are looking to buy/sell in, but they can also tell you what is happening in the general market as well. Details like average sold price, days on market, month supply and more can guide both buyers and sellers from setting the right listing price to coming up with a competitive offer. While the market can change at any time, below are the current numbers locally. These statistics are in comparison to the same time last year.
The sold prices for homes for sale in South Lake Tahoe has gone up for both the average and median sold prices. The average sold price for homes for sale in South Lake Tahoe has increased 5.2% at $563,793. The median sold price for homes for sale in South Lake Tahoe has increased 4.7% at $470,000. Percentage of list price is still sitting to 97.2%. The median days on market is 78 and the average is 101.
The amount of South Lake Tahoe homes for sale is up 9.9% which is good news for buyers because it means more inventory. New listings are up 0.2%, pending sales are down 5.8% while closed sales went down 13.8%. The month supply, which lets us know who has control of the market, went up 15.4% at 4.5. If you would like more information on the market, the buying or selling process or just want an idea of what is happening in general in the area, feel free to contact me. I would be more than happy to help!