Now that July has drawn to a close, the South Lake Tahoe real estate figures are in.
The number of people deciding to sell their Tahoe homes rose slightly in July, with an increase of 4.6% in new listings, while the total number of homes on the market has risen 8.9% in the past 12 months. Also on the rise is the median sales price. In July, the median price for closed sales was $346,000. In July of 2014, it was $339,000.
Pending sales were also on the rise while closed sales stayed even from last year, though up from May and June.
So, what does this mean?
