Summer is winding down and we are already welcoming fall in just a few weeks! There's nothing quite like the crisp cool air and the changing colors in the local foliage. We are back to share the latest Reno-Tahoe luxury housing market trends have arrived with all of the mid-year specifics and statistics.
Read on for all of the juicy details!
Important Mid-Year Highlights:
- We are continuing to see the effects of low interest rates, high stock market returns, low inventory and high buyer demand throughout the end of June.
- From January to June 2021, our luxury market sales increased from 98 homes sold in 2020 to 266 homes sold in 2021, for a 17% increase. The average sold price has increased by 10.4%.
- While we are not forecasting a