US Home Sales Drop in June… a Different Story in South Lake Tahoe, CA!

By
Real Estate Agent with McCall Realty

 The US real estate market and South Lake Tahoe real estate market is often different

 22.5% more housing demand in South Lake Tahoe, CA compared to the rest    of the country

 (Lake Tahoe Real Estate Blog / July 19, 2012 / Richard Bolen)

Americans bought fewer homes in June than May, according to the Associated Press this morning. We thought we'd look at some of the data in the article and compare that to South Lake Tahoe, CA.

The National Association of Realtors (NAR) said Thursday that sales of previously occupied homes fell 5.4 percent in June, and that sales results were the fewest since October.

As the chart below shows, however, there was an increase in June sales in South Lake Tahoe, where 72 homes sold this year, compared to 65 home sales last month, and 51 home sales in June a year ago.

According to the article, US home sales are up 4.5 percent from a year ago, evidence that the market is still recovering.

In South Lake Tahoe 306 homes sold by the end of June this year compared to 241 home sales during the same time frame a year ago. This is a 27% increase in housing demand in South Lake Tahoe, some 22.5% higher than the national average.

(full AP article here)

The chart below indicates South Lake Tahoe, CA housing demand by month since 2003:

South Lake Tahoe monthly housing demand


Previous Lake Tahoe Real Estate Blog posts of interest:

Apr 18, 2012: Q1 South Lake Tahoe, CA Real Estate Report
Jan 4, 2012: Final 2011 South Lake Tahoe, CA Real Estate Report
Oct 2, 2011: Q3 2011 South Lake Tahoe, CA Real Estate Report
Jul 6, 2011: Q2 2011 South Lake Tahoe, CA Real Estate Report
Apr 2, 2011: Q1 2011 South Lake Tahoe, CA Real Estate Report
Jan 2, 2011: 2010 South Lake Tahoe Housing Demand Report
Nov 16, 2010: What People are Buying: South Lake Tahoe 2010 Home Sales per Month

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