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May marked a decisive shift in the Tahoe market, with sales volume and buyer activity climbing sharply across the board. The Tahoe Sierra MLS recorded 64 total sales — up 49% from April and ahead of the 57 sales logged in May 2025. Truckee had 33 closings at a $1,251,000 median — up from $1,075,000 a year ago. The California Tahoe Basin saw volume nearly triple compared to March, with 31 sales closing at a $1,250,000 median.

Incline Village and Crystal Bay continued to strengthen their position at the top of the pricing ladder with a $2,442,500 median on 18 sales compared to $1,805,000 on just 10 sales in May 2025. The lakefront segment returned, with two sales at a $16,331,500 median. Inventory expanded across all submarkets, and June is shaping up to be an active month.