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South Lake Tahoe, CA Absorption Rates (Housing Demand)

October 27th, 2009 categories: Absorption Rates, For Buyers, For Sellers, Lake Tahoe Real Estate, Major Market Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA

An Increase in South Lake Tahoe Housing Demand.

We’ve updated the Absorption Rates for the South Lake Tahoe, CA real estate market. This the most accurate method possible for tracking South Lake Tahoe housing demand over time.

At present we’re seeing an increase in housing demand, details below.

Find market-wide absorption rates for South Lake Tahoe, CA here.

Below is a bullet-point summary of the current housing demand in South Lake Tahoe.

Summary:

An average of 39.5 homes have sold per month in South Lake Tahoe in the last 180-days. (This same number was 36.5 a month ago, and 34 two months ago.)
An average of 33.6 homes have sold per month in South Lake Tahoe in the last 365-days. (It was 33.1 a month ago, and 32.2 two months ago.)
In 2008, the monthly average of homes sold in South Lake Tahoe, CA was 29 sales per month.

The Bottom Line:

It will take 11.2 months to deplete the current South Lake Tahoe home inventory at 365-day market performance levels. (It was 12.1 a month ago, and 13.9 two months ago.)
Motivated Sellers are increasingly becoming Excellent Buying Opportunities.

Number Sales -

403 homes sold in South Lake Tahoe, CA in the last 365 days. (This number was 399 a molnth ago, and 371 two months ago.)
237 homes sold in the last 180 days. (It was 219 a month ago, 204 tow months ago and 188 three months ago.)

Inventory - Increase in Supply is Excellent Opportunity for Buyers

375 home listings are currently available for sale. (It was 399 30-days ago.)
Inventory load represents excellent choices for Buyers.
Inventory load can produce more motivated Sellers… who will sell at current market reality, rather than cling to prices that are no longer viable in today’s Buyer-driven market.

Annual Results: Total Number Sales

354 single family homes sold in South Lake Tahoe in 2008.
373 single family homes sold in South Lake Tahoe in 2007.
438 single family homes sold in South Lake Tahoe in 2006.
682 single family homes sold in South Lake Tahoe in 2005.
843 single family homes sold in South Lake Tahoe in 2004.
601 single family homes sold in South Lake Tahoe in 2003.

Annual Results: Monthly Absorption Rates

29 single family homes sold per month in South Lake Tahoe in 2008.
31 single family homes sold per month in South Lake Tahoe in 2007.
37 single family homes sold per month in South Lake Tahoe in 2006.
57 single family homes sold per month in South Lake Tahoe in 2005.
68 single family homes sold per month in South Lake Tahoe in 2004.
50 single family homes sold per month in South Lake Tahoe in 2003.

We offer this information as a public service. It is the most complete and current information on the overall South Lake Tahoe, CA real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Use comments box below.)