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These Tahoe home listings show the state of its red-hot real estate market FacebookTwitterEmail One huge factor has been the flocks of people moving into the region from the Bay Area. Truckee, for instance, saw the greatest percentage increase in households from San Francisco last year, with the town’s primary ZIP code gaining nearly 130 new households from San Francisco in August 2020, compared with 11 new households in August 2019. In the past, Tahoe has been a more affordable place to buy a home, compared with the Bay Area. But that might not be so true anymore, Realtors say. Pandemic migration has driven up the market’s prices astronomically, while the number of people selling has gone down, reducing the supply of listings.

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