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In the first half of 2023, Tahoe Truckee continued the trends of single-family home sales that we saw in Q1, with sales volume dramatically decreasing between 32-48% year over year in each micro-region. Median price dipped between 3-12% year over year and remained flat on the California side of the Lake Tahoe basin, a result of the low supply. While the number of single-family homes actively listed for sale has been steadily increasing, it is still well below pre-covid years. Low inventory traditionally keeps prices stable, despite sluggish sales volume. A long winter, and a spring packed with disruptive weather led to a slower start to summer’s prime real estate season. However recent weeks have seen increased activity in the luxury market and an onslaught of listings, promising a fruitful summer ahead. While market conditions have impacted the high end of the market and second-home buyers more than the more residential neighborhoods, the natural beauty of Lake Tahoe alongside convenient access, paired with ideal lake conditions this summer, will hold steady value and demand.

Download the detailed report here.
Download past reports here.
View the graphs of sales volume and median price trends by micro-region by clicking the gallery images below.
Source: Tahoe Sierra MLS and Incline Village MLS