The South Tahoe housing market seems to be showing signs that is solidly in a state of stabilization. Since May 2012 the median sales price for single family homes has gone up and down slightly, with an overall trend upward. This has coincided with with low inventory and a steady and strong sales volume.
Single Family Residence Median Sales Price
Jan-12 $250,000
Feb-12 $246,500
Mar-12 $242,450
Apr-12 $237,250
May-12 $238,668
Jun-12 $235,000
Jul-12 $236,500
Aug-12 $234,000
Sep-12 $237,500
Oct-12 $239,450
Provided by the South Tahoe Association of Realtors: www.staor.org
Will this trend continue? As usual, Deb Howard and Company will be keeping a close eye on the market as 2012 comes to an end. Keep an eye out for Deb’s 2013 Tahoe Real Estate Forecast. For more specific information on Tahoe housing values please contact deb@realtordeb.com
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