Buying homes for sale in South Lake Tahoe the past couple of years has felt like more of task than an exciting process due to the limited amount of inventory. Lack of inventory, however, has been an issue all over the U.S. As a result, sellers who wanted to list stayed put because they felt like if they sold their home, they may not be able to buy another one due to the low amount of homes for sale in South Lake Tahoe. In fact, affordability and lack of inventory are the two main concerns for buyers. Luckily, as the market has started to change and buyers are starting to feel more confident about the amount of real estate available for purchase, those concerns have been eased. Thankfully, homes for sale in South Lake Tahoe have seen an increase pretty steadily for the past year. In fact, the month supply was up 8.6% this time last year and up 13.2% this year. This gives both buyers and sellers the confidence to sell and purchase. In fact, experts expect both sales and price perspectives to improve along with the housing market in the near future. This makes NOW a great time for both parties and sellers to make the move they have been wanting while feeling confident that they have South Lake Tahoe real estate to move into. Buyers can feel confident that they have more inventory to choose from and the process won’t be rushed, cost more money or like they have to settle on a home because there is only so much available.
For more information on South Lake Tahoe Real Estate or if you want to speak with a South Lake Tahoe Realtor, feel free to reach out. I would be happy to discuss the current market and how it impacts buyers and sellers.