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Mammoth Lakes Real Estate Market Update April 2025

April 29, 2025

Market Update

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The Mammoth Lakes real estate market remains balanced, offering fair conditions for both buyers and sellers. Condo sales recently edged higher compared to the previous year, despite a dip in prices that was followed by a strong rebound. At the same time, these properties are spending more time on the market. Single-family home sales have slowed, but prices have seen a modest rise, and the current pace of activity appears steady, though with longer selling periods. Inventory levels continue to fluctuate, particularly among condos, which experienced a noticeable increase earlier this year. Interest rates remain steady, with potential for decreases later on. Buyers and sellers are increasingly turning to creative financing strategies, such as rate buy-downs and seller concessions. Meanwhile, insurance availability continues to pose challenges, particularly in higher-risk zones.