Here are the sales stats for December 2011 – March 28, 2012
December 2011 Total Sold 61 Short Sales 14 REOs 19
January 40 8 20
February 33 7 15
March 41 7 10
The current inventory of available single family homes in the City and County areas sits at 219. It has been many years since we’ve seen inventory that low. I mentioned in a previous blog that, as the inventory and interest rates remain low, the prices continue to fall, however slowly, and those facts defy the principal of supply and demand. I have personally been in multiple offer situations over the past weeks while representing sellers and buyers which tells me that the consumer confidence is beginning to rise. The wild card in this mix is the inventory of upcoming bank owned properties and short sale homes. The market is good for sellers who want to sell and buyers who want to buy. We are not at the bottom of this market yet, we are close enough that if you are looking for Tahoe home and plan to keep it over the long haul, get in the mix and buy something.