Lake Tahoe Real Estate Update

I see a trend occurring in both our South Lake Tahoe and NV East Shore real estate market. If you’re a buyer whose been waiting on the side lines or a seller waiting for the market to continue upward then you may want to read on. For the last year we have constantly seen more properties entering escrow than have come on the market. However since the week before Memorial Day that trend has started to reverse. At South Lake this week we saw over twice the amount of new listings as property entering escrow. It was the same over on the NV East Shore. If this trend continues we could see market values start to stabilize.