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Mammoth Lakes Real Estate Market Update for March 2024

March 4, 2024

Market Update

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In early March 2024, the Mammoth Lakes real estate market showed notable shifts compared to 2022. Key highlights include a 33% decrease in transactions, with properties sold in January 2024 nearly matching those from January 2023. Single-family homes and condos saw price increases of 3.5% and 1%, respectively. Homes sold faster, averaging 6 days for SFHs and 3 days for condos, while median prices rose to $552,500 for condos. Overall, fewer properties sold in 2023 compared to previous years.