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In September, median price of single-family homes sold decreased from August in most micro-regions with the exceptions being Incline Village and Crystal Bay (where median price increased by 9%) and lakefronts (where one sale at $24.5M skews data upwards). Year over year, median prices remained relatively flat with all variances under 5%, again with the exception of lakefronts, where the small sample size (one sale in September 2019 vs. two sales in September 2018) is not significant enough to tell the story. Interestingly, the number of single-family homes actively listed for sale has decreased across the board since August but has increased across the board when compared to this same month last year. This bag of marbles in the data points to some uncertainty in the future.
~ Bill Dietz, principal broker of Tahoe Luxury Properties
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