Here’s what we have to look forward to in the new year’s market.
Want to sell your home? Get a FREE home value report.
Want to buy a home? Search all homes for sale.
Today we’ll be going over what’s to come in the 2019 Truckee real estate market.
This year will most likely be a repeat of our 2018 market. Between now and June, we’ll have very low inventory with moderate sales. In October and November of last year, we saw record-breaking sales; November alone saw 29 sales in Tahoe Donner, which was more than in June and September.
Demand has been increasing due to a few reasons. There’s a lot of money in the economy right now, so many people feel comfortable enough to buy a second home soon. There are fears of rising interest rates as well, spurring more buyers to jump into the market before rates increase.
Home prices peaked around June last year, followed by a dip in prices that lasted until about now—they’re beginning to heat up again. If you’re thinking of selling your home between now and June, you’ll likely be able to maximize your sale price.
If you want to buy, pay attention to what’s coming onto the market; some great properties are certainly popping up. The bulk of our inventory will come onto the market between April and May.
If you have any real estate needs you’d like us to help with, have any questions, or would like further information, feel free to reach out to us. We look forward to hearing from you soon.