In the first quarter of 2025, three mirco-regions of the Tahoe Sierra MLS (CA side) saw sales volume dip an average of 4% with the median price reaching record highs. Lakefront sales volume increased, while median price decreased. However, with only three lakefronts sold in Q1, the small sample size impacts numbers greatly. Incline Village & Crystal Bay saw both sales volume and median price dip year over year. Arguably, the Incline Village median price ($1.775M) may be normalizing down from the previous record high of $2.508M, but, again, this may be influenced by the relatively small sample size of 21 single-family homes sales in Q1. Overall, the Tahoe Sierra MLS saw a 25% increase in inventory year over year, indicating that the dip in sales volume is unrelated to supply. Buyers who may have been waiting for prices to come down, instead saw a 15% increase in median price and may wait longer. The turmoil in the broader economy may present opportunities in the stability of real estate.
Read the full report to view graphs by micro-region.
See our featured lakefront listings here. See Dietz Group sales here.
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Source: Tahoe Sierra MLS and Incline Village MLS