In the month of February, the Tahoe Sierra MLS experienced a 20% decrease in sales volume compared to the previous month. Forty-five homes sold in February, down from the 56 that sold in January. The median price increased 32% to $1.4 million. During the month of February, there were a total of 57 homes listed for sale, up from 49 listings in January, with homes on the market for an average of 37 days. For comparison purposes, in previous years there were 70 listings in February 2021 and 277 in February 2020.
~ Bill Dietz, principal broker of Tahoe Luxury Properties