October 8, 2024
Market Update
September 2024 marked the third consecutive month of a balanced real estate market in Mammoth Lakes.
A balanced market occurs when there’s a healthy equilibrium between the supply of homes and buyer demand. Neither buyers nor sellers hold a clear advantage, making it an ideal time for both parties to engage in real estate transactions.
Typically, a balanced market is defined by 5-6 months of inventory, meaning if no new listings were added, it would take about 5-6 months to sell all current properties. Currently, we have around 6 months of inventory, which still leans toward balance but reflects a slightly higher supply. In this environment, prices usually appreciate at a modest, sustainable rate, and negotiating power is fairly equal for buyers and sellers. Properties tend to stay on the market for a moderate amount of time—longer than in a seller’s market but quicker than in a buyer’s market—creating optimal conditions for both.
Here’s a snapshot of the Mammoth Lakes real estate market so far in 2024:
Take a deeper look by clicking on the FLIP BOOK above.
Stay up to date on the latest real estate trends.
Buyer
December 16, 2024
Fraud
December 14, 2024
Sellers
December 9, 2024
Market Update
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December 1, 2024
Home Improvement
December 1, 2024
Buying
November 22, 2024
Market Update
November 13, 2024
Buying
November 5, 2024
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