If you are thinking about listing or buying real estate in South Lake Tahoe in 2019, start off by familiarizing yourself with the local market conditions. Talk with your South Lake Tahoe realtor on what is happening in your area. They can give you the details that help you figure out what type of offer to make and what type of offer to accept. Each neighborhood has their own set of stats so be specific with your South Lake Tahoe realtor on what type of homes for sale in South Lake Tahoe you want to buy and in what area. The report below is for South Lake Tahoe real estate in general.

The average sold price for homes for sale in South Lake Tahoe is up 4.6% from this time last year at $551,379. The median sold price for South Lake Tahoe homes for sale is up 5.2% from last year at this time at $455,000. These prices are also up from last month as well. The average percentage of list price is currently 97.3%. Ask your South Lake Tahoe realtor how you can use this to your benefit.

Buyers get good news thanks to the amount of South Lake Tahoe homes for sale increasing 11.6%. New listings are down, however, by 1.4%. Pendings are down 4.5% while closed sales went down 3.8%. The average and median days on the South Lake Tahoe real estate market are currently sitting at 74 for the median and 98 for the average. The month supply went up 13.9% from last year and is currently at 4.1. A balanced market needs 6 months and anything less than 4 is considered a seller’s market. Have questions about South Lake Tahoe real estate or looking for a realtor in South Lake Tahoe? Feel free to reach out. I would be happy to help!