With a lack of exciting inventory, Tahoe real estate numbers seem stagnant entering the first two months of 2023. This is in part due to excessive snow in the region, and the low inventory we historically see in January and February. This does not indicate a lack of buyer interest. Mortgage applications over the last month have increased 25% week over week. In the last two weeks we have felt the buyer demand come back in the area as clients are starting to feel more comfortable with rates and our economy.
Pricing in the Tahoe region will remain stable due to the lack of inventory and buyer demand for the area. As spring arrives, we will begin to see heightened interest from buyers and sellers alike. With extended resort seasons ahead, buyers will continue to visit our region and consider future purchases. While simultaneously, sellers having dealt with housing problems through the heavy snow season, or those fatigued of snow removal upkeep, will be getting their homes ready to list.
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