South Lake Tahoe: when housing inventory is low, price increases
More evidence of adjustment in the housing market to changes in demand and supply. The Pandemic has increased demand for housing, taking the available supply of houses to buy (blue line) to historic lows. Price increases (red line) generally follow. The seasonal spikes are due to increases in seasonal demand for vacation houses (higher in summer). South Lake Tahoe has a large percentage of second (vacation) homes.