Major shifts occurred in essentially every Truckee-Tahoe real estate micro-market based on Q3, 2022 Neighborhood Statistics prepared by our Elder Group Tahoe professionals. Q3 demonstrated a swift change in market conditions and limited inventory compared to pre-Covid levels. Q2, 2022 Statistics demonstrated the empirical high in real estate prices; the market is now in the active process of normalization.
Longer days on market, contingencies for loans/appraisals and buyer inspection periods have returned. Buyers are judicious in their property selections in these changing economic conditions. For Sellers, it’s still a very solid time to list and sell property remembering Truckee-Tahoe’s real estate micro-market experienced an all-time high. Buyers are plentiful and active. Whether purchasing or selling, accurate pricing and rapid adjustment to market response is key to consumer absorption.
Like the stock market, significant price increases over the last 2.5 years have put Truckee-Tahoe on the proverbial map and demonstrated the value in owning property here in our beautiful mountain community. While U.S. financial conditions are turbulent, Truckee-Tahoe real estate is the perfect place to reallocate one’s financial portfolio; bringing a fantastic, year ‘round lifestyle and family enjoyment during challenging economic times ahead.
We’ve highlighted a plethora of Neighborhood Statistics in our e-brochure and specific Neighborhood links below for your reading enjoyment. Check out your communities of interest and feel free to contact Alison for expert real estate guidance whether you are selling or purchasing Truckee-Tahoe property. Recognized in the top 1% of U.S. Realtors, Alison brings a plethora of experience and value to our Clients. We’d love to connect with you!
Read the full Q3 report here: Q3 Report
Leave a Reply