Mammoth Lakes Real Estate Market Update March 2025

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The Mammoth Lakes real estate market remained balanced throughout the latter half of 2024, with a steady inventory of approximately four months of available properties, reflecting a balanced market where supply meets demand without significant pressure on buyers or sellers. While condo sales slightly outpaced 2023, the median price softened, and homes took longer to sell. Single-family homes saw a decline in sales but experienced a slight increase in median price. 

The market saw a mid-year inventory spike in 2024, which reversed in January 2025 before falling again in February. Looking ahead to 2025, pricing will be influenced by interest rates and economic factors, with a stable or slowly rising trend in high-demand areas expected. Mortgage rates are projected to remain steady in early 2025, with a potential decline later in the year. The insurance market in California remains challenging due to increased wildfire risks, but affordable options are available through alternative insurers and state-backed programs. Buyers and sellers are encouraged to work with experienced REALTORS for guidance.