Are Homes Starting to Sell???

Well this morning there were 4 Single Family homes added to the pending sale side of the market. Currently we have 461 Single Family homes on the market in South Lake Tahoe. Another 40 homes are in escrow with an average list price of $565,000. The average Days on the Market for the homes in escrow is about 190 days. This has been about par since the beginning of summer. The inventory of single family homes has been decreasing the past few weeks mostly due to home owners letting their home's listing contract expire for the winter.
I don't expect any major changes in these numbers until the ski resorts open mid November and the Bay Area vacationers return for the ski season.