TAHOE-TRUCKEE MARKET UPDATE & FORECAST The 2024 Lake Tahoe summer selling season has arrived, and buyers are eagerly anticipating new listings as they become available. Demand for high-quality inventory is strong, leading to shorter marketing times, smaller discounts from list price to sale price, multiple offer situations, and year-over-year increases in the median home price. Although the Continue Reading

Linked you will find Market Reports produced by Engel & Völkers for home sales in North Lake Tahoe and Truckee, California. The Truckee Market Report is broken down by market area. Our team is available to review these reports, and or provide any other market statistics you are further interested in. Find the report. Continue Reading

Over the last few years, the dichotomy of the real estate market has been pronounced. We've seen steady growth in median prices, drastically increased 30-year mortgage rates, and decreased days on market overall. Our Truckee and North Lake Tahoe regions, similar to many regions in California and across the greater U.S., are reflective of market dynamics that are continuously evolving. Interest Continue Reading

Q1 2023 Real Estate Sales in Truckee and Tahoe: Slower Than Last Year, With Positive Indicators Real estate sales in Q1 were slower than Q1 of 2022 in our Truckee and Tahoe regions. Sales volume is at approximately 50% less year over year. Median home prices dropped about 20%, the first drop since the pandemic skyrocketed pricing. The shift in the market can be attributed to many Continue Reading

During the month of February we've felt market activity pick up. Sellers are actively reaching out in preparation to list in later spring or early summer, and buyers are both consolidating and understanding their resources as it relates to the current market.  Our real estate restrictions do not stem from a lack of resources for those seeking to invest, instead they stem from a lack of Continue Reading

A strong housing market reigned in 2022 in the Truckee and North Lake Tahoe region. With above average demand, limited inventory, and stabilized pricing, 2023 will see a strong real estate market. In the first half of 2022, market trends matched the pace of 2021, with houses selling well over listing, experiencing multiple competitive offers, and listing on the market for mere days. As Continue Reading

Welcome to 2023! Real estate professionals are strategizing about what's now, what's next, and what you care about. Here are highlights from this past year that impact your Tahoe and Truckee real estate markets. Listings are limited. Winter consolidates the number of listings in our region. Demand remains high due to balance in our local supply of inventory. In order to move quickly as Continue Reading

Waiting to purchase a home will cost you money. Here's why. Where will home prices be a year from now, and what about mortgage rates? For the Truckee and Tahoe markets, home prices are projected to appreciate nearly 8% this year. Mortgage rates are expected to rise from 3.1% to nearly 4% towards the end of the year. With both variables increasing, monthly mortgage payments will increase Continue Reading