Tahoe Keys real estate was another interesting report when comparing the first quarter of 2020 to the first quarter of 2019. The amount of solds went up this year, as did the median home price and price per square foot. Median days on market and month supply both decreased. 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 Tahoe Keys real estate, give us a call. We’d be happy to help.
| Tahoe Keys Comparison | 2020 | 2019 |
|---|---|---|
| Number of Sales | 16 | 12 |
| Median Home Price | $681,000 | $590,000 |
| Average List to Sale Ratio | 96.4% | 96.4% |
| Median Dollar Per Square Foot | $427.67 | $363.70 |
| Median Days on the Market | 123 | 134 |
| Month Supply | 5.5 | 5.7 |
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