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While we typically see a slowdown in real estate sales during the winter months, in 2021 demand stays high. Although sales volume of Tahoe Sierra MLS single-family homes remained flat from January to February — with 71 homes sold each month — median price increased by 32%. Looking at year-over-year, sales volume in the same area increased 29% compared to February 2020, and median price went up 82%. In Incline Village and Crystal Bay, sales volume climbed 35% compared to January and median price 9%. Sales volume jumped 155% from the same time last year, with the median price gaining 99%. Keep in mind that median price is different from appreciation/depreciation. So, while the changes in median price may seem large, when a market decelerates or accelerates quickly (such as during 2009 and 2020) median price moves much more quickly than appreciation/depreciation.
~ Bill Dietz, principal broker of Tahoe LuxuryProperties