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Home > Tahoe-Truckee Market Report 3rd Quarter 2017

Tahoe-Truckee Market Report 3rd Quarter 2017

October 31, 2017 by Linda Granger Leave a Comment

The Tahoe-Truckee market must have been enjoying the hot August beach days of 2017 as much as we were, because the 3rd quarter numbers are sizzling!

Tahoe-Truckee Market Report

Our “Months of Inventory”, meaning how many months it will take for the active listings to sell at current sales rates, shrank to its lowest number in the last ten years. Wrap your head around this stat: in February of 2009, total available listings would take over 31 months, yes, almost three years, to sell; in August 2017 that number shrank to a new low at 4.2 months! Sellers, get out your champagne glasses and celebrate because we are officially in a solid “Sellers Market” for the first time in a long, long time. Inventory Graph

Meanwhile, single family and condominium median sale prices are up an eye popping 10-13% across the region, and homes are flying off the shelves with big drops in the days on market numbers. Lakefront condos are the show-stoppers this year, doubling in total dollar volume over 2016 and with median sales price up 48%.

Now the aspen leaves are quaking and the flakes will soon fly, but the market shows no signs of slowing down, with over 330 deals pending as of this writing. Looking forward to seeing you all for a great ski season!

Click here for my Tahoe-Truckee Market Report

Tahoe-Truckee Market Inventory Graph

Tahoe-Truckee Market Trends Graph

Filed Under: Market Reports, Newsletters Tagged With: granger group, granger group tahoe, homes for sale at lake tahoe, incline market report, incline village market report, incline village real estate, lake tahoe homes, lake tahoe homes for sale, lake tahoe real estate, lake tahoe real estate market, lake tahoe realtor, martis camp homes for sale, tahoe city realtor, tahoe homes for sale, Tahoe Market Report, Truckee market report, truckee real estate, truckee realtor, west shore homes for sale

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(530) 581-0388 Linda Granger|Email
3092 N Lake Blvd. Suite 3|Tahoe City, CA 96145
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