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Inventory has increased both month over month and year over year within the Tahoe Sierra MLS. Active listings were up by 4% from the previous month of June and 21% compared to July 2023. The number of homes sold climbed 74% from June and by 25% in comparison to the same period last year. Growing supply has increased activity, and buyers benefit from greater selection. Median price, however, has been slow to respond. While we saw a 2% decrease in median price from the month of June, median price remains up by 10% over last year, indicating that Tahoe homes maintain value in a strong market and are less impacted by supply.
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