You guessed it! Low inventory, record prices and fast market times are still the most talked-about themes in regional real estate conversations. Here’s the latest information from the experts at Dickson Realty.
Active single family homes on the market as of the beginning of May totaled 88, an increase over the month earlier of 20. End of April is typically when ski leases terminate so we always expect additional inventory to come on the market at this time. However, last year at the beginning of May, there were 274 single family homes on the market, so this year’s total is a mind-boggling 68% reduction.
Sales in April totaled 76, a 16% decrease from March sales, but a 21% increase over sales in April last year. Median sales prices, at $1,375,000, reflected an increase of 80% over the same time last year, when the median price was $755,000. The average days on market decreased from 48 days in March to 38 days in April and a significant drop from last year at the same time when the average days came in at 58.
If you have any questions about this report or would like to speak with a lender about getting pre-qualified, please feel free to reach out. It would be a pleasure to assist you with any of your real estate needs.
About the Carroll Real Estate Team
Chris and Ally’s dedication and exceptional knowledge of Tahoe make them excellent realtors. With great communication skills and professional follow-up methods, comfortable style, and an honest straightforward approach, they will have your transaction of buying or selling done in a smooth and stress-free manner.
If you are thinking of buying or selling a home, the Carroll Team is always available to provide excellent and dedicated service. Contact the Carroll Real Estate Team