The Market Report for the 2nd Quarter of 2022 in Lake Tahoe shows the result of coming into April with limited inventory. The result was a reduction in unit sales and dollar volume in a year over year analysis in most areas.
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Freddie Mac’s report that rates had dropped was great news a week ago. The June jobs report and inflation at 8.6% means rates will continue to rise.
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We began January 2022 with 74 active listings for single family homes and 71 sales! Summer 2022 shows inventory levels returning to normal.
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When comparing the 3rd Quarter 2020 to the 3rd Quarter 2021 for real estate activity in Lake Tahoe and Truckee, demand is still strong. Available inventory has dropped, slowing overall sales volume.
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Market Stats
Listing Watch
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