The Tahoe-Truckee real estate market in the final quarter of 2024 presents a landscape characterized by striking contradictions. As the year-end approaches, the total number of sales is nearly identical to the previous year’s, yet the market is projected to underperform against historical averages by approximately 20%.

In a year where inverted economic indicators—like poor job reports signaling potential interest rate cuts—seem paradoxically favorable, it’s surprising that the strongest month of 2024 for Tahoe-Truckee real estate still falls short of expectations.