The Tahoe Donner real estate market is still strong, but it has clearly shifted into a more balanced phase. Home prices remain high, with most single-family homes selling above $1 million and fewer options available at lower price points.
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A steady increase in listings has offered buyers more choices. Homes priced realistically sell at an average of 75 days on market.
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Most economists don’t believe interest rates will fall to 2021 levels. Many believe rates will hold steady in the 6.5% range in 2024.
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While Lake Tahoe has experienced one of the strongest seller markets ever, rising interest rates and higher prices may stall the market.
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