Current Truckee Real Estate Market
Monday, December 11, 2006
The Current Truckee Real Estate Market is actually relatively healthy! We have gone from over 12 months of inventory down to nearly 6 (an healthy balance of Buyer's and Seller's Market). The list to sales price ratio has remained relatively strong, meaning sellers that sell are not having to take more than a 4% discount off of what they have the homes listed for on average. Even our listed inventory is falling (we are now down to an 8 month low and rapidly approaching the 12 month low). The buyers who waited for the summer are now coming back to the market and participating again. It appears that we are moving in the right direction.