Over the last two years we have experienced the most heightened real estate frenzy of our lives. Currently, we are seeing conditions begin to stabilize.
Leading into summer 2022, our Tahoe and Truckee markets experienced an increase of inventory. Even with the slight increase in inventory, the demand from buyers was still not met.
Now, entering fall, prices are stabilizing as we experience interest rate hikes, meant to combat inflation. We anticipate inventory to remain low with many potential sellers holding off listing. Sellers are in the position to remain firm on listing price due to both low inventory and the resort destination appeal of the Tahoe and Truckee areas for many families still seeking primary or secondary homes in the area.
Leave a Reply