What a time we’re in!
As we continue to deal with the challenges of the pandemic, we are also experiencing unprecedented challenges from wildfires ravaging our region. I want to take a moment to recognize our fire responders who are tirelessly working to keep residents and properties protected. My thoughts are with those who are affected by the unrelenting fires and resulting smoke.
On the real estate front, the market in Tahoe continues to be incredibly strong with multiple offers and low days on market (between four days to a week). For comparison, there have been 812 single-family homes sold since June 1st this year versus 583 over this same period in 2019. There are currently 365 pending home sales versus a total of 308 homes on the market. Our biggest concern at this point is running out of inventory.
We saw a surge of new listings leading up to Labor Day Weekend, and some are still available.