What happens in the Tahoe Truckee market as summer comes to a close and kids go back to school? Well, I’ll let you in on a little secret: in the fall, we actually see an increase in the number of homes that sell.
For example, we had 93 homes sell in August of last year, 117 in September, 115 in October, and 228 in November. What makes this good for sellers is that during this time, fewer and fewer homes are listed on the market. Last August only saw 154 new homes listed, 139 in September, 101 in October, and in November, only 125 homes were put on the market.
At the same time that fewer people put their homes up for sale, a lot of other sellers also take their homes off the market so that they can ski lease them. Yes, a seller will get some income from renting their home for the winter, but this sets them up to go back on the market at a time when everybody else is listing their homes in the spring and summer.
So if you’re a seller and you’d like to set yourself apart while taking advantage of the declining supply and increased demand of the fall months, then it would make sense to list your property for sale now.
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Fall’s low inventory and high demand make it a great time to list your home.
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Another reason why this fall selling season is going to be a busy one is because our interest rates are still incredibly low – many of our buyers are getting rates that are under 4%. In addition, as we get into the fall, seasonal motivation tends to push buyers to purchase a home before wintertime, so demand will still be very high.
