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Looking Ahead:
What's Next for Tahoe Real Estate?
Q1 brought largely positive market stats, likely fueled by a sense of economic direction following the election. However, that clarity has recently given way to renewed uncertainty. While Tahoe’s real estate market isn’t immune to broader economic shifts, there are still encouraging signs. We continue to see strong buyer interest, with solid activity in showings, open houses, and homes going under contract.
One major driver of demand: portfolio diversification into real estate. Tahoe remains significantly more affordable than other Western ski resort markets like Jackson Hole, Park City, Vail, and Aspen—a compelling value for second-home and investment buyers.
Taking this all into account, here are our takeaways:
- The next 6-8 weeks are historically slow for buyer activity, with the summer selling season picking up in July. We will be watching closely to see if this holds true this year or we see a divergence in either direction.
- Increased inventory is expected, potentially returning to pre-pandemic or 10 year average levels. (our inventory usually peaks late July- early August), potentially favoring buyers.
- Current Market volatility and economic conditions may lead to buyers exercising more caution in the near term.
- Buyers - Your focus should be on finding the right home for long-term enjoyment rather than timing the market.
- Buyers keep in mind that well-priced homes in desirable locations will sell quickly, regardless of market conditions, so being prepared is key.
- Sellers - Accurate pricing and preparation of the home prior to listing are more important than ever.
- Sellers keep in mind, properties may initially be priced optimistically based on the strong 1st quarter stats, however, increased competition combined with a cautious buyer approach could lead to accumulated days on market and a home becoming stale.
- Despite the current economic uncertainty, we are expecting a very active summer selling season.
Curious about what this all means for your home or investment property?
We would love to chat!
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