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While sales volume takes the expected November seasonal dip, it is interesting to note the significant growth in sales volume year-over-year, with a 59% increase in number of homes sold in the Tahoe Sierra MLS compared to November 2019. In Truckee, the year-to-year increase in sales volume was 88%, while Incline Village and Crystal Bay saw volume go up 94% over last November. In all micro-regions, with the exception of lakefronts (only two sold in November), median price increased since October, and pending sales continue to outnumber active listings. The median price in Incline Village and Crystal Bay reached an all-time high of $1.75 million. Of the six currently pending lakefront sales, half were listed for over $15 million.

~ Bill Dietz, principal broker of Tahoe Luxury Properties

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