January 2008 Market Update - 01/11/08 01:33 PM

The Market Monitor
 
January 4, 2008
 
Re: Truckee Area Real Estate Market
 
Dear Client;
 
Market Overview
 
The year 2007 will be well remembered as a major shift in the national real estate market. While the market actually peaked in 2005 in takes many years for the market to settle out and see just where it is at. The one thing our market has not experienced relative to other areas in the country is a significant increase in inventory.
 
Nationally, inventory levels are at all time highs. This creates a big drag on the market. … (1 comments)

 

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