How's The Market in North Lake Tahoe?
A quick dive into recent real estate trends and local insights.
By Brett Williams - May 1, 2025
Tahoe-Truckee Real Estate Market Update: Jan thru April Snapshot
The Tahoe-Truckee real estate market has seen some noteworthy changes over the past year—essentially becoming a tale of two markets. We’re here with a quick update on what’s happening in the Homes & Condos segment.
From January through April, the market showed a clear split between price points. Sales of properties priced over $2 million rose by 32% compared to last year, while sales of homes under $2 million dropped by 16%. The luxury segment continues to perform well, while activity in the more attainable price ranges has slowed.
It’s still too early to tell whether this shift in the under-$2M market is a short-term response to broader economic and political uncertainty, or the start of a longer-term trend.
Inventory is gradually increasing, giving buyers more choices. At the same time, average days on market are ticking up, signaling a more balanced market where buyers have a bit more room to negotiate.
What This Means for Vacation Homeowners
The market remains steady overall, with strong performance in the luxury tier. If you’re considering selling, this segment is still active, though longer listing periods may be expected.
For buyers, increased inventory and slower sales activity can create great opportunities—especially if you're looking to purchase a second home or make a new investment in the region.
If you’d like a more detailed look at your home’s current value or want to explore buying in the area, we’d love to connect and help guide the way.
“As it lay there in the shadows of the mountains brilliantly photographed upon its still surface, I thought it must surely be the fairest picture the whole earth affords.”
—Mark Twain,
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