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South Lake Tahoe, CA Housing Demand: Monthly Absorption Rates

December 11th, 2009 categories: Absorption Rates, For Buyers, For Sellers, Lake Tahoe Real Estate, Major Market Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA

South Lake Tahoe Absorption Rates - South Lake Tahoe, CA real estate market statisticsAn 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  43.7  homes have sold per month in South Lake Tahoe in the last 180-days. (This same number was 39.5 a month ago, and 36.5 two months ago.)
  • An average of 34.6 homes have sold per month in South Lake Tahoe in the last 365-days. (It was 33.6 a month ago, and 33.1 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 9  months to deplete the current South Lake Tahoe home inventory at 365-day market performance levels. (It was 11.2 a month ago, and  12.1 two months ago.)
  • Motivated Sellers are increasingly becoming Excellent Buying Opportunities.

Number Sales - 

  • 415 homes sold in South Lake Tahoe, CA in the last 365 days. (This number was 403 a molnth ago, and 399 two months ago.)
  • 262 homes sold in the last 180 days. (It was 237 a month ago, 219 two months ago.

Inventory - Increase in Supply is Excellent Opportunity for Buyers

  • 310 home listings are currently available for sale. (It was 375 30-days ago, and 399 two months ago. Less inventory is normal this time of year.)
  • Inventory load represents excellent choices for Buyers.

Annual Results: Total Number Sales

  • 395 single family homes sold in South Lake Tahoe so far this year.
  • 354 sales in 2008.
  • 373 sales in 2007.
  • 438 sales in 2006.
  • 682 sales in 2005.
  • 843 sales in 2004.
  • 601 sales in 2003.

Annual Results: Monthly Absorption Rates

  • 35 single family homes sold per month in South Lake Tahoe so far this year.
  • 29 sales per month in 2008.
  • 31 sales per month in 2007.
  • 37 sales per month in 2006.
  • 57 sales per month in 2005.
  • 68 sales per month in 2004.
  • 50 sales per month 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.)

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This entry was posted on Friday, December 11th, 2009 at 9:27 am and is filed under Absorption Rates, For Buyers, For Sellers, Lake Tahoe Real Estate, Major Market Reports, South Lake Tahoe Statistics, South Lake Tahoe, CA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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