Market Watch | October 2024

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Fall is upon us and, as expected, Tahoe’s real estate activity is slowing down. We’ve observed a seasonal decrease in the number of homes actively listed, with September’s sales volume down 25% year over year. For buyers hoping for a price drop, the median home price remains stable, and even slightly higher than a year ago. September brought an exciting surge in high-end lakefront sales, with six properties sold — three of which closed for over $10 million. With increased inventory, buyers now have more options, leading to a rise in lakefront transactions.

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