March was a bustling month in the Lake Tahoe real estate market. All micro-regions saw an increase in sales volume over the previous month of February. With the exception of lakefronts, which remained flat, sales volume in all micro-regions increased by a minimum of 20% year over year. Supply still sits well below the pre-Covid pandemic era, which protects current pricing. Within the Tahoe Sierra MLS area, median price increased by 11%, both month over month and year over year. With a strong first quarter of real estate activity, all eyes are focused on the summer ahead.
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