Currently the heaviest action in the Tahoe-Truckee marketplace is in the price bands between $400,000 – $700,000 (51 in escrow). This range represents 23% of total listings but it accounts for 40% of today’s escrows. The other hot price band is $1m – $1.5m where 22 homes are in escrow.
Overall 27% of today’s entire MLS inventory is in escrow. This is a very high number and highlights the fact that we are very low in the number of homes offered for sale.
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