July brought a few shifts worth noting in the Tahoe real estate market. We’re seeing active listings climb while sales volume has dipped, a combination that can sometimes signal a cooling market. However, the number of accepted offers each month remains steady — suggesting that while buyers may have more choices, they’re still moving forward when the right property comes along.
In the Truckee region, roughly 40 listings per month are going into contract, while the lake region is averaging about 30. Pricing trends are on the rise in both Truckee and the lake region: Truckee’s average price per square foot sold rose 4%, while the Lake region’s median price jumped 15%.
Ultimately, Tahoe continues to outperform national averages and should stay strong as a majority of summer contracts officially close in the early fall.
In summary:
- Accepted offers per month remain steady
- Truckee's price per square foot rose 4%
- Lake region's median price rose 15%
- Tahoe continues to defy national averages
Explore Additional Insights and Articles
