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Mammoth Lakes Real Estate Market Update July 2024

July 27, 2024

Market Update

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In early 2024, Mammoth Lakes transitioned from a "sellers' market" to a "balanced market," characterized by an equilibrium between home supply and buyer demand. Currently, there is about 5-6 months of inventory, allowing for equal negotiating power between buyers and sellers.

As of 2024, condo sales are up by 20% compared to 2023, with properties taking longer to sell. Meanwhile, single-family home (SFH) sales increased by 12%, with prices stable but longer selling times compared to the previous year. Overall, this balanced market creates favorable conditions for real estate transactions.

Let's take a deeper dive into the details by viewing the flipbook above!