South Lake Tahoe Real Estate Market Up-date
February 22, 2009
Latest figures show South Lake Tahoe real estate sales improved 2008 over 2007. The stats show that homes are selling 20 percent faster and homes sold have increased 13% as compared to an 11% increase 2006 to 2007. These are good numbers and show an improving market. We may or may not have hit bottom but I am still confident that we will continue to see an increase in homes sold and a decrease in days on market. This means that sellers will hold closer to list price and be more reluctant to entertain low ball offers. Now if the foreclosure rate decreases due to government programs or an overall improvement in the economy you can expect an even faster rate of improvement. Now through spring presents your best opportunity to buy Tahoe real estate.
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