Wondering what’s been going on in the Tahoe real estate market? Checkout Tahoe’s East Shore June 2022 market update. East Shore’s median home price is $1,200,000 down from $1,700,000 last month.
7 homes were sold with an average days on market of 38. That is an increase in homes sold from last month at 4, with an average days on market of 57.
The market has definitely changed from the buying demand over the last several years to higher inventory levels and calming prices. Acquiring real estate has always been a hedge against inflation, especially in an area like Tahoe that has provided consistent long-term equity growth. While rising interest rates are offsetting some of the price improvements we’re seeing today, they’re still historically low. With the Feds meeting at the end of the month, you still have time to lock before another increase. Please feel free to contact me if I can assist with any of your real estate needs.
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