With warnings of the national housing market weakening, Tahoe and Truckee real estate markets have remained strong and consistent. New listings are tripling from the quantity year to date at the end of the second quarter, and interest rates are still high but stabilizing. We are seeing a steady offer supply, with buyers ready to resume their Tahoe area home search.
Amenity rich neighborhoods, specifically, we’ve seen heightened interest in listings compared to homes needing more maintenance or renovation in areas without amenities. For luxury buyers and sellers, with homes priced well, there is heightened interest and activity. By nature of few listings under a million, homes priced on the lower end, needing renovations or upgrades, are seeing traction with many first time buyers once again.
For the remainder of 2022, we expect to see consistently increased listings as we have since summer began, with buyer activity persistent.
Leave a Reply