Picnic On Top of a Volcano

How better to describe the real estate market?  Things are still iffy, but signs of healing are here.  In Tahoe, when the prices started to fall and the distressed properties flooded the market, there was over 16 months of inventory, where a healthy market is said to have 6 months of inventory or less!  Right now, our inventory sits at just above 9 months.  So the flood of distressed homes seems to be a trickle that will continue to hold down our median home price, but at least signs of our market becoming healthy again are here.

Click here for our complete weekly Newsletter, with Case-Shiller Home-Price Index charts for the past five years, a save the date for a special open house event on August 18th, and local listing price reductions/new listings.

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