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Tahoe Market Update |
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The Lake Tahoe and Reno markets are hot! We have a shortage of listings and very high demand from buyers, which is resulting in a very competitive market. This dynamic is due to a large number of people relocating or purchasing second homes in the area. Given that most people can now work remotely, and there is a desire to get out of the City, Tahoe is the perfect destination for your next real estate investment.
In this highly competitive market, now more than ever, it is important that you connect with a local real estate agent that knows the Tahoe area. Buyers need an agent who can advise you on new and upcoming properties, and who can guide you through the negotiation process in a this competitive market. Sellers need an agent that can get you top dollar, and often multiple offers, for your property. We expect these market trends to continue throughout the rest of the year.
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Michelle Keck with Corcoran Global Living compiles valuable data on the local markets every quarter. For detailed market reports for each area, please see the information and links to each area report below.
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