Y area real estate was a mixed bag when comparing the first quarter of 2020 to the first quarter of 2019. The amount of solds went down, as did the median home price and percentage of list price. Dollar per square foot went up, as did days on market and month supply. To understand the month supply more, it gives us an idea of who has control of the market. Anything 4 or under is a seller’s market, anything over 6 is considered balanced and anything over 8 is considered a buyer’s market with a surplus of housing inventory. For more information on Y Area real estate, give us a call. We’d be happy to help.
|Tahoe Sierra Comparison||2020||2019|
|Number of Sales||6||7|
|Median Home Price||$442,500||$626,500|
|Average List to Sale Ratio||97.8%||97.1%|
|Median Dollar Per Square Foot||$308.98||$276.56|
|Median Days on the Market||218||85|