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.
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