Mammoth Lakes Real Estate Market Update September 2024

In August 2024, Mammoth Lakes experienced its second consecutive month of a balanced real estate market, characterized by an equilibrium between home supply and buyer demand. Currently, there are about 7 months of inventory, indicating a slight excess supply but still maintaining balance. Prices are appreciating modestly, and both buyers and sellers have equal negotiating power, with properties taking a moderate time to sell.

In 2024, condo sales rose by 7% compared to 2023, with stable prices but an 11% increase in selling time. Single-family home (SFH) sales increased by 12%, with prices up 3% and consistent time on the market. Inventory for both property types has risen significantly in August and stabilized into September, aligning with the 10-year average but still below pre-pandemic levels.

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