South Lake Tahoe Real Estate Inventory

The inventory of properties for sale on the South Tahoe MLS has continued to decline as it typicaly does as we approach the winter season. We are now down to 279 total single family homes listed, 204 active listings and 75 pending listings. Our listing count was at its highest in July when there were 323 listings and there has been a steady decline since then. The South Lake Tahoe Real Estatemarket is usually the most active during the spring, summer, and fall and the number of properties in escrow typicaly declines in the winter as well. In June there were 10o single

family houses in escrow and we are now down to 75 (81 including condos).

Although the activity does slow down during the winter there can be some great opportunities for both buyers and sellers. Sellers that keep their homes on the market during the winter or that decide to sell during the winter will have less compitition from other sellers because there will be fewer homes on the market and fewer homes for buyers to choose from. Sellers should also be aware that houses do sell during the winter and that buyers that are looking are serious buyers. Tahoe attracts a huge amout of visitors during the winter months that come to ski and vacation from all over the world. These visitors often come to look at properties during their vacation and may not have a chance to come out any other time to look at homes.

The winter can be a great time for buyers because the sellers that have their homes on the market probably need to sell are most likely motivated. If a house comes on the market during the winter it is probably because they do not want to wait for the spring to sell. This can be a great opportunity for buyers that are looking to purchase before the buyer flood gates open in the spring.