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The Tahoe Sierra MLS witnessed a 22% decrease in sales volume of single-family homes from March to April, with the median price up 19% ($1.4M). With the exception of lakefronts —
of which there were no sales in April — the median price of single-family homes sold in all micro-regions reached historic highs. While the number of active listings in the Tahoe Sierra MLS has increased 30% since March, it is still down 61% compared to last year, so we continue to see supply impacting demand and pricing. As we near Memorial Day weekend and the kickoff of summer, we expect that more homes will hit the market and anticipate speedy sales as a result of the pent-up demand.
~ Bill Dietz, principal broker of Tahoe LuxuryProperties