Perfect Storm

 

SOUTH LAKE TAHOE, CA - MAY 14:  (L-R) Levi Lei...
Image by Getty Images via @daylife

 

The listing inventory of single family homes is 291 (City and County areas).  That means if escrows keep closing at 60 per month like the last 30 day period, we will be out of listings in less than five months if no new listings come on the market. An absorption rate like that takes me back to the market of 2004.  The difference now is that prices are on the  way down.  If you were ever considering a purchase in Tahoe, it is a great time to buy. 

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