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Mammoth Lakes Real Estate Market Update for February 2024

February 18, 2024

Market Update

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The article provides an overview of the real estate market, highlighting key points from 2023 as the year approaches 2024:

There was a 33% decrease in transactions compared to January 2023.
Prices for Single Family Homes and Condos saw slight increases of 3.5% and 1% respectively.
The average days on market decreased by 6 days for Single Family Homes, indicating a quicker sale process.
The median sale price was $52,500 for Single Family Homes and $9,000 for Condos.
Overall, fewer properties sold in 2023, but those that did typically sold for higher prices.