Strong Lake Tahoe Real Estate Market Favors Sellers
Overnight, it seems, Tahoe has become a seller’s market. Low inventory around the Lake, fueled by an increasing urban desire to escape from the confines of city life, has driven home prices around Lake Tahoe to a new 12-month high.
The median sales price for a single-family home around Tahoe rose to almost $853k, more than $100k over last May, when the beaches and hotels were open and we all took dining out for granted.
Incline Village Home Values on the Rise
In Incline, the median sales price rose 6.5 percent in May over this time last year. That's almost a whopping 50 percent increase over pricing in April, when the market was still on wobbly post-Covid knees.