Mammoth Lakes Real Estate Market Update November 2026

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Ten months into 2026, the Mammoth Lakes real estate market is showing signs of slowing, particularly in pending sales. While October closed sales remained strong, pending condo sales dropped from 42 to 19, and single-family home pendings fell from 8 to just 2. Condo median prices also recovered above 2025 levels, highlighting how quickly monthly market trends can shift.

Looking ahead to November, lower mortgage rates may help bring buyers back into the market. The 30-year conforming rate has declined to 7.18%, down from October's 7.40% peak. Inventory remains tight for condos at 2.4 months, while single-family homes are closer to a balanced market at 4.1 months, with significant oversupply in the $2.5M–$3M price range.

As the winter season approaches, the next few months will be important in determining buyer demand. Well-priced and well-presented properties continue to attract buyers, but elevated borrowing costs and declining pending sales make pricing and positioning especially important. Buyers and sellers should pay close attention to their specific property type and price range when making decisions.

👉 Read the full report on our flip book linked above for detailed insights, trends, and expert takeaways on the Mammoth Lakes market.