The first quarter of 2020 started strong, with median price and sales volume on the rise. In the second quarter, a global pandemic brought real estate showings to a brief halt as the world determined how to navigate sheltering in place. In June, we've seen the beginnings of a strong recovery, with Lake Tahoe being a sought after location for those choosing to escape nearby urban areas. As a result, this mid-year report includes a roll up of both ends of the spectrum, months with significant sales alongside months with minimal activity, offering a snapshot of where we land halfway through the year, as compared to years past. Regions with significant sales volume saw an overall rise, whereas smaller segments like Lakefronts and Incline Village & Crystal Bay saw a dip in sales volume. Median price dipped in the Tahoe Sierra MLS and in Truckee, but rose in all other regions. The inconsistencies reflect the large disruption to the market over the first half of 2020. Given the recent market activity, with low supply, high demand, small number of days on the market, and significant pending sales, we expect Q3 numbers to show a strong recovery.
Download the detailed report here.
Download past reports here.
View the graphs of sales volume and median price trends by micro-region by clicking the gallery images below.
Source: Tahoe Sierra MLS and Incline Village MLS
