NORTHSTAR MARKET UPDATE
September 2023
Source: TahoeSierra MLS; all stats for singlefamily homes in Northstar
6 months is a neutral market
Active inventory for the last 5 years
Months of Inventory is the interplay between active inventory and the number of sales in the last year. It can also be looked at as the amount of time it will take to sell all the properties currently on the market if no additional homes were added to the supply.
In the forthcoming chart, the red line represents where a neutral market begins, and each of the previous 4 years is represented by a colored line. The further below the red line each of the color year lines are, the more the market favored sellers. The first half of the last four years saw relatively normal market cycles. In May 2020, the market began to shift to heavily favor sellers, the start of the pandemic wave. In May 2022 another decisive shift in market dynamics began, moving towards a more neutral market. The first five months of 2023 seem to show signs of strengthening buyer demand.
Months of inventory Stacked Year over Year
Sold over the last 5 years
If you would like a more specific look at what your home or neighborhood looks likes in this changing market, please do not hesitate to reach out. We would be happy to provide you with a comprehensive value analysis of your property.
