In the month of April, the number of single-family homes sold within the Tahoe Sierra MLS area remained relatively flat with 62 homes sold in April and 61 homes sold in March. Median price decreased 14% from $1.7 million to $1.4 million. As spring blooms, we head into prime real estate season. As is typical of this time of year, the market saw a 55% increase in inventory, with 93 homes actively listed for sale versus 60 homes in March. April’s average of 17 days on market, in addition to sales volume, median price, and the number of active listings all showing a less than 5% variance compared to 2021, may foreshadow a busy summer ahead.
~ Dietz Group at Tahoe Luxury Properties