While seasonality slowed sales volume in December as anticipated, there remained a significant increase compared to the numbers from 2019. The Tahoe Sierra MLS saw December sales volume increase 78% year over year, while in Incline Village and Crystal Bay, December sales volume climbed 138% over last year. Also in the Tahoe Sierra MLS, the number of homes actively listed for sale is down 66% compared to 2019, continuing the trend of low supply and high demand. All micro regions reached their highest median price of the year in December, resulting in the highest monthly median sale price since Market Watch began running in 2016. With ongoing stay-at-home orders in place, the Tahoe/Truckee region continues to appeal to many seeking a second home or new residence to work from with access to outdoor activities.
~ Bill Dietz, principal broker of Tahoe Luxury Properties