Weekly Market Update As Of Dec. 21st, 2008

What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes only.  The reason that I use this segment of the market is that it has the most influence on the general value trends. 

The activity level did take a drop past week.  The ratio of Pending escrows to Active listings is at 8%.  This is closer to last year at this time but with slightly less inventory or homes on the market.  This could give us a slower start for the upcoming year.  With lower interest rates, I don’t expect this to last for long.

Listings per Status
Minimum, Average, Maximum
Days On Market Analysis
$1,250,000 thru $1,499,999	1	82
	36	189

Summary Price Information
Minimum	$155,000	Maximum	$1,295,000
Average	$449,272	Median	$399,700

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2008 Rapattoni Corporation. All rights reserved.