As we enter September 2021, the Mammoth Lakes real estate market continues to be hot seller’s market. What does that mean?  Simply put, it means there are more buyers than sellers.  The difference I see today as compared to the last few months is buyers are getting tired.  Buyer fatigue is caused by losing out more than once in multiple offer situations.   Many buyers have decided to take a break and re-enter the market at a later time.  This could be seen as good news for both buyers and sellers.  For buyers, there are fewer people competing for the same few properties.   The good news for sellers is inventory is nowhere near normal levels so if your property is priced right, there are still buyers looking.

This article highlights the numbers you need to know about the Mammoth Lakes real estate market, what it means if you are thinking about buying or selling, and where to get help moving toward your real estate goals this year. 

What’s Happening in the Mammoth Lakes Real Estate Market?

It is helpful to look at the current market in two different segments:  single family homes and condos/townhomes.  This data is through the end of August 2021.

Mammoth Lakes Condos

Mammoth Lakes Single Family Homes

What Does This Mean for Mammoth Lakes Area Homeowners and Sellers?

If priced right, properties are selling quickly in Mammoth Lakes area.  Note the median days on market for sold properties includes the entire escrow period (30 days on average).  As the numbers indicate, this is a great time to sell.  No one can predict how long this seller’s market will last.  The inventory levels have not increased as expected keeping competition high for the few active listings.  If you are even remotely thinking about selling, contact me for a free consultation and evaluation of your property.  This will include a recommendation for pricing as well as suggestions for preparing your property for sale.  I am reminding sellers that just because this is a seller’s market, we still need to price right.  The properties that price slightly below the current market value are receiving multiple over list price offers.  The properties that are priced too high are just sitting with no showings and no offers.  Not to be harsh, although it is a great time to sell it is not a time to be greedy.  

What Does This Mean for Mammoth Lakes Area Home Buyers?

With such low inventory available in Mammoth Lakes, buyers need to be ready to act quickly when they find a property they are interested in.  Do you have your financials in order?  Do you need a pre-approval letter?  I can connect you with lenders who have a proven track record of success in our area.  Many buyers do not know that not all lenders can lend in certain projects in Mammoth Lakes.  I can help you increase your chances of securing the property of your dreams in this tough market so reach out to me for a free consultation to set you on the right path for achieving your goal of owning property in Mammoth Lakes. 

Conclusion

Many have asked if the real estate market is going to crash.  Specifically, how is today’s market different than the one that caused the 2008 meltdown.  Check out my blog post which directly addresses this question.  

Whether you are a seller or a buyer, there is no doubt you will benefit from teaming with an educated and experienced Realtor® to help you navigate this hot market.  I have created guides to help with both the buying and selling process.  You can access the guides on my website:

Ultimate Mammoth Lakes Sellers Guide

Ultimate Mammoth Lakes Buyers Guide

Notes:

  1. All data are sourced from the Mammoth Lakes Board of Realtors. Data for Mammoth Lakes ONLY and not the surrounding areas.
  2. *Median price = middle value.  This is used as a good indicator when there is significant data as it minimizes the impact of unusually high or low values and provides a better perspective of the big picture.
  3. **Total Available excludes properties under contract/pending which have not yet closed.

Download the September market update.

As of June 1, 2021, the Mammoth Lakes real estate market continues to be hot seller’s market.  What does that mean?  Simply put, it means there are more buyers than sellers.  I continue to receive new buyer calls daily and there are not a lot of options for them.  If/when they do find a property they like, there or multiple offers and often over list price.  The good news for buyers is inventory is slowing increasing which means more options.  The good news for sellers is inventory is nowhere near normal levels so you will continue to have less competition.

In this post, we are going to highlight the numbers you need to know about the Mammoth Lakes real estate market, what it means if you are thinking about buying or selling, and where to get help moving toward your real estate goals this year.

What’s Happening in the Mammoth Lakes Real Estate Market?

It is helpful to look at the current market in two different segments:  single family homes and condos/townhomes.  This data is through the end of May 2021.

Condos

Currently ListedCondos
Median* Price$575,000
↓DOWN from $610,000 in April
Median* Days on Market37
↑UP from 27 in April
Total Available on May 1**47
↑UP from 45 in April

Single Family Homes

Currently ListedSingle Family Homes
Median* Price$974,750
↓DOWN from $1,099,000 in April
Median* Days on Market50
↑UP from 32 in April
Total Available on May 1**20
↑UP from 17 in April

What Does This Mean for Mammoth Lakes Area Homeowners and Sellers?

If priced right, properties are selling quickly in Mammoth Lakes area.  Note the median days on market for sold properties includes the entire escrow period (30 days on average).  As the numbers indicate, this is a great time to sell.  No one can predict how long this seller’s market will last.  The inventory levels have not increased as expected keeping competition high for the few active listings.  If you are even remotely thinking about selling, contact me for a free consultation and evaluation of your property.  This will include a recommendation for pricing as well as suggestions for preparing your property for sale.  I am reminding sellers that just because this is a seller’s market, we still need to price right.  The properties that price slightly below the current market value are receiving multiple over list price offers.  The properties that are priced too high are just sitting there with no showings and no offers.  Not to be harsh, although it is a great time to sell it is not a time to be greedy.  Greedy sellers have property that is just sitting and getting no showings or offers.

What Does This Mean for Mammoth Lakes Area Home Buyers?

With such low inventory available in Mammoth Lakes, buyers need to be ready to act quickly when they find a property they are interested in.  Do you have your financials in order?  Do you need a pre-approval letter?  I can connect you with lenders who have a proven track record of success in our area.  Many buyers do not know that not all lenders can lend in certain projects in Mammoth Lakes.  I can help you increase your chances of securing the property of your dreams in this tough market so reach out to me for a free consultation to set you on the right path for achieving your goal of owning property in Mammoth Lakes.  

Conclusion

Many have asked if the real estate market is going to crash.  Specifically, how is today’s market different than the one that caused the 2008 meltdown.  Check out my blog post which directly addresses this question.  

Whether you are a seller or a buyer, there is no doubt you will benefit from teaming with an educated and experienced Realtor® to help you navigate this hot market.  I have created guides to help with both the buying and selling process.  You can access the guides on my website:

Ultimate Mammoth Lakes Sellers Guide

Ultimate Mammoth Lakes Buyers Guide

Notes:

  1. All data are sourced from the Mammoth Lakes Board of Realtors. Data for Mammoth Lakes ONLY and not the surrounding areas.
  2. *Median price = middle value.  This is used as a good indicator when there is significant data as it minimizes the impact of unusually high or low values and provides a better perspective of the big picture.
  3. **Total Available excludes properties under contract/pending which have not yet closed.

As of May 1, 2021, the Mammoth Lakes real estate market continues to be hot seller’s market.  What does that mean?  Simply put, it means there are more buyers than sellers.  I continue to receive new buyer calls daily and there are not a lot of options for them.  If/when they do find a property they like, there or multiple offers and often over list price.  The good news for buyers is inventory is slowing increasing which means more options.  The good news for sellers is inventory is nowhere near normal levels so you will continue to have less competition.

In this post, we are going to highlight the numbers you need to know about the Mammoth Lakes real estate market, what it means if you are thinking about buying or selling, and where to get help moving toward your real estate goals this year.

What’s Happening in the Mammoth Lakes Real Estate Market?

It is helpful to look at the current market in two different segments:  single family homes and condos/townhomes.  This data is through the end of March 2021.

Condos

Currently ListedCondos
Median* Price$610,000
↓DOWN from $719,000 in March
Median* Days on Market27
↑UP from 15 in March
Total Available on May 1**45
↑UP from 31 in March

Single Family Homes

Currently ListedCondos
Median* Price$1,099,000
↓DOWN from $1,165,000 in March
Median* Days on Market32
↑UP from 21 in March
Total Available on May 1**17
No change from prior month

What Does This Mean for Mammoth Lakes Homeowners and Sellers?

If priced right, properties are metaphorically flying off the shelves in the Mammoth Lakes area.  As the numbers indicate, this is a great time to sell.  No one can predict how long this seller’s market will last.  As predicted last month, there has been a slight increase in inventory in the last 30 days.  More inventory means more competition.  More competition means fewer buyers for your property.

If you are even remotely thinking about selling, contact me for a free consultation and evaluation of your property.  This will include a recommendation for pricing as well as suggestions for preparing your property for sale.

I am reminding sellers that just because this is a seller’s market, we still need to price right.  The properties that price slightly below the current market value are receiving multiple over list price offers.  The properties that are priced too high are just sitting there with no showings and no offers.  Now is a good time to sell but not to be greedy.

What Does This Mean for Mammoth Lakes Home Buyers?

With such low inventory available in Mammoth Lakes, buyers need to be ready to act quickly when they find a property they are interested in.  Do you have your financials in order?  Do you need a pre-approval letter?

I can connect you with lenders who have a proven track record of success in our area.  Many buyers do not know that not all lenders can lend in certain projects in Mammoth Lakes.  I can help you increase your chances of securing the property of your dreams in this tough market so reach out to me for a free consultation to set you on the right path for achieving your goal of owning property in Mammoth Lakes.  

Conclusion

Many have asked if the real estate market is going to crash.  Specifically, how is today’s market different than the one that caused the 2008 meltdown.  Check out my blog post which directly addresses this question.  

Many have asked if the real estate market is going to crash.  Specifically, how is today’s market different than the one that caused the 2008 meltdown.  Check out my blog post which directly addresses this question.

Whether you are a seller or a buyer, there is no doubt you will benefit from teaming with an educated and experienced Realtor® to help you navigate this hot market.  I have created guides to help with both the buying and selling process.  You can access the guides on my website:

The Ultimate Home Sellers Guide

The Ultimate Home Buyers Guide 

Notes:

  1. All data are sourced from the Mammoth Lakes Board of Realtors. Data for Mammoth Lakes ONLY and not the surrounding areas.
  2. *Median price = middle value.  This is used as a good indicator when there is significant data as it minimizes the impact of unusually high or low values and provides a better perspective of the big picture.
  3. **Total Available excludes properties under contract/pending which have not yet closed.

As we enter the second quarter of 2021, the Mammoth Lakes real estate market continues to be hot.  What does that mean?  Simply put, it means there are more buyers than sellers.  I am answering new buyer calls daily but there are not a lot of options for them.  If/when they do find a property they like, there are multiple offers and often over the list price.  Some people think a seller’s market is easy for a Realtor® and quite frankly it is actually very challenging. It is my job to help formulate an offer that may be more appealing to the seller.   The good news is, historically we see an increase in inventory around this time of the year and although the last year has been anything but typical, it does appear inventory levels are slowing rising.

In this post, I will highlight the numbers you need to know about the Mammoth Lakes real estate market, what it means if you are thinking about buying or selling, and where to get help to move towards achieving your real estate goals this year.  

What’s Happening in the Mammoth Lakes Real Estate Market?

It is helpful to look at the current market in two different segments: single family homes and condos. This data reflects the quarter from January 1 through March 31.

Condos

Currently ListedCondos
Median* Price$719,000
↑UP from $699,000 in February
Median* Days on Market15
↑UP from 8 in February
Total Available on April 1**31
↑UP from 19 in February

Single Family Homes

Currently ListedCondos
Median* Price$1,165,000
↓DOWN from $2,600,000 in February
Median* Days on Market21
↓DOWN from 48 in February
Total Available on April 1**17
↑UP from 15 in February

What Does This Mean for Mammoth Lakes Homeowners and Sellers?

As the numbers indicate, this is a great time to sell.  No one can predict how long this seller’s market will last.  Historically, we see an increase in inventory after spring break.  More inventory means more competition.  More competition means fewer buyers for your property.   Nothing is typical about this year and only time will tell whether the inventory actually does increase.  I can say for certain that I have received more calls from potential sellers in the last week than I did all of March. If you are even remotely thinking about selling, contact me for a free consultation and evaluation of your property.  This will include a recommendation for pricing as well as suggestions for preparing your property for sale.  I am reminding sellers that just because this is a seller’s market, there are still some small things that can be done to prepare your home for listing which could result in a higher sales price.  This could be as simple as rearranging furniture, changing light bulbs, decluttering or minor repairs.  I can also recommend great local resources for any work that may need to be completed prior to listing. 

What Does This Mean for Mammoth Lakes Home Buyers?

With such low inventory available in Mammoth Lakes, buyers need to be ready to act quickly when they find a property they are interested in.  Do you have your financials in order?  Do you need a pre-approval letter?  I can connect you with lenders who have a proven track record of success in our area.  Many buyers do not know that not all lenders can lend in certain projects in Mammoth Lakes.  What are your must-have features?  I can help you increase your chances of securing the property of your dreams in this tough market so reach out to me for a free consultation to set you on the right path for achieving your goal of owning property in Mammoth Lakes.  

Conclusion

Many have asked if the real estate market is going to crash.  Specifically, how is today’s market different than the one that caused the 2008 meltdown.  Check out my blog post which directly addresses this question.  

Whether you are a seller or a buyer, there is no doubt you will benefit from teaming with an educated and experienced Realtor® to help you navigate this hot market.  I have created guides to help with both the buying and selling process.  You can access the guides on my website:

The Ultimate Home Sellers Guide

The UltimateHome Buyers Guide 

Notes:

  1. All data are sourced from the Mammoth Lakes Board of Realtors.
  2. *Median price = middle value.  This is used as a good indicator when there is significant data as it minimizes the impact of unusually high or low values and provides a better perspective of the big picture.
  3. **Total Available excludes properties under contract/pending which have not yet closed.

There are several different data points to review when analyzing the current state of the Mammoth Lakes real estate market including median price, days on market and total inventory sold.

Below is a snapshot of the last several years of transactions closed and current inventory in Mammoth Lakes. Note that this report doesn’t include any of the outlying areas beyond Mammoth Lakes.

Mammoth Lakes Condos

CondosThrough 3/1/2120202019201820172016
Median* Sold Price$520,000$475,000$450,000$402,500$349,900$299,750
Median* Days on Market4767846970117
Total Condos SOLD65442387348407304

There is not yet enough data to identify 2021 trends. When comparing 2020 to 2019, the median condo price is up nearly 6%. Approximately 14% more condos sold in 2020 and those sold 25% more quickly than in 2019 (down 18 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current Mammoth Lakes listings:

CURRENTLY LISTEDCONDOS
Median* Price$699,000
↑UP from $649,450 in January
Median* Days on Market8
↓DOWN from 9 in January
Total Available on March 1**19
↑UP from 14 in January

Download the March 2021 condo market report.

Mammoth Lakes Single Family Homes

Single-Family HomesThrough 3/1/2120202019201820172016
Median* Sold Price$1,500,000$875,000$767,625$890,000$750,000$682,500
Median* Days on Market10782113113131132
Total SFH SOLD2113394879598

There is not yet enough data to identify 2021 trends. When comparing 2020 to 2019, the median price of a single-family homes sold in 2020 is up 14%. Approximately 41% more SFH sold in 2020 and those sold 37% faster (down 31 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current Mammoth Lakes listings:

CURRENTLY LISTEDSINGLE FAMILY HOMES
Median* Price$2,650,000
↓DOWN from $2,975,000 in January
Median* Days on Market48
↑UP from 33 in January
Total Available on March 1**15
↑UP from 14 in January

Download the March 2021 single family home market report.

*Median is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

There are several different data points to review when analyzing the current state of the Mammoth Lakes real estate market including median price, days on market and total inventory sold.

Below is a snapshot of the last several years of transactions closed and current inventory in Mammoth Lakes. Note that this report doesn’t include any of the outlying areas beyond Mammoth Lakes.

Mammoth Lakes Condos

CondosThrough 2/1/2120202019201820172016
Median* Sold Price$451,000$475,000$450,000$402,500$349,900$299,750
Median* Days on Market4667846970117
Total Condos SOLD44442387348407304

There is not yet enough data to identify 2021 trends. When comparing 2020 to 2019, the median condo price is up nearly 6%. Approximately 14% more condos sold in 2020 and those sold 25% more quickly than in 2019 (down 18 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current Mammoth Lakes listings:

CURRENTLY LISTEDCONDOS
Median* Price$649,450
↑UP from $485,000 in December
Median* Days on Market9
↓DOWN from 18 in December
Total Available on Feb. 1**14
↓DOWN from 25 in December

Download the year-end 2020 condo report.

Mammoth Lakes Single Family Homes

Single-Family HomesThrough 2/1/2120202019201820172016
Median* Sold Price$1,450,000$875,000$767,625$890,000$750,000$682,500
Median* Days on Market11182113113131132
Total SFH SOLD1513394879598

There is not yet enough data to identify 2021 trends. When comparing 2020 to 2019, the median price of a single-family homes sold in 2020 is up 14%. Approximately 41% more SFH sold in 2020 and those sold 37% faster (down 31 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current Mammoth Lakes listings:

CURRENTLY LISTEDSINGLE FAMILY HOMES
Median* Price$2,975,000
↓UP from $2,249,500 in December
Median* Days on Market33
↓DOWN from 63 in December
Total Available on Feb. 1**14
↓DOWN from 16 in December

Download the year-end 2020 single family homes report.

*Median is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

There are several different data points to review when analyzing the current state of the Mammoth Lakes real estate market including median price, days on market and total inventory sold.

Below is a snapshot of the last several years of transactions closed and current inventory in Mammoth Lakes. Note that this report doesn’t include any of the outlying areas beyond Mammoth Lakes.

Mammoth Lakes Condos

  Through 12/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $475,000 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500
Median* Days on Market 67 84 69 70 117 113 89
Total Condos SOLD 442 387 348 407 304 271 269

The median Mammoth Lakes condo price is up nearly 6% in 2020 as compared to 2019. Approximately 14% more condos sold in 2020, and those sold 25% more quickly than in 2019 (down 18 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current Mammoth Lakes listings:

CURRENTLY LISTEDCONDOS
Median* Price$485,000
↑UP from $455,900 in November
Median* Days on Market18
↓DOWN from 36 in November
Total Available on Dec. 1**25
↓DOWN from 26 November

Download the year-end 2020 condo report.

Mammoth Lakes Single Family Homes

 Through 12/31/20201920182017201620152014
Median* Sold Price$875,000$767,625$890,000$750,000682,500694,400$619,000
Median* Days on Market82113113131132165145
Total SFH Sold133948795989185

The median price of single family homes in Mammoth Lakes sold in 2020 is up 14% as compared to 2019. Approximately 41% more single family homes sold in 2020, and those sold 37% faster in 2020 than in 2019 (down 31 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current Mammoth Lakes listings:

CURRENTLY LISTEDSINGLE FAMILY HOMES
Median* Price$2,249,500
↓DOWN from $2,349,000 in November
Median* Days on Market63
↓DOWN from 77 in November
Total Available on Dec. 1**16
↓DOWN from 19 in Nov

Download the year-end 2020 single family homes report.

*Median is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 11/30/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $479,500 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500
Median* Days on Market 70 84 69 70 117 113 89
Total Condos SOLD 392 387 348 407 304 271 269

Through November 2020, the median condo price is up nearly 7% over 2019. If we annualize year-to-date 2020 condos sold, we are on track to sell 10% more condos than in 2019. Condos are selling 20% faster than in 2019 (down 14 days).

Single Family Homes

Through 11/30/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $875,000 $767,625 $890,000 $750,000 682,500 694,400 $619,000
Median* Days on Market 82 113 113 131 132 165 145
Total SF Homes Sold 117 94 87 95 98 91 85

Through November 2020, the median price of single family homes sold is up 14% over 2019. Annualizing year-to-date 2020 single family homes sold, we are on track to sell nearly 36% more in 2020 as compared to 2019. Single family homes are also selling 37% faster in 2020 than in 2019 (down 31 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single Family Homes
Median Price* $455,900

DOWN from $474,500 in Nov.

$2,349,000

UP from $1,749,000 in Nov.

Median Days on Market* 36

DOWN from 37 in Nov.

77
UP from 64 in Nov.
Total Available on Dec. 1** 26
DOWN from 38 in Nov.
19
DOWN from 28 in Nov.

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 10/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $487,500 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500
Median* Days on Market 70 84 69 70 117 113 89
Total Condos SOLD 352 387 348 407 304 271 269

Through October 2020, the median condo price is up 8% over 2019. If we annualize year-to-date 2020 condos sold, we are on track to sell 9% more condos than in 2019. Condos are selling 20% faster than in 2019 (down 14 days).

Single Family Homes

Through 10/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $839,999 $767,625 $890,000 $750,000 682,500 694,400 $619,000
Median* Days on Market 90 113 113 131 132 165 145
Total SF Homes Sold 101 94 87 95 98 91 85

Through October 2020, the median price of single family homes sold is up 9% over 2019. Annualizing year-to-date 2020 single family homes sold, we are on track to sell nearly 30% more in 2020 as compared to 2019. Single family homes are also selling 25% faster in 2020 than in 2019 (down 23 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $474,500

UP from $417,500 in October

$1,749,000

UP from $1,198,000 in October

Median Days on Market* 37

DOWN from 45 in October

64

UP from 39 in October

Total Available on Nov. 1** 38

DOWN from 42 in October

28

DOWN from 33 in October

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the report.

There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last several years of transactions closed and current inventory.

Condos

Through 8/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $490,000 $450,000 $402,500 $349,900 $299,750 $305,000 $292,500
Median* Days on Market 70 84 69 70 117 113 89
Total Condos SOLD 187 387 348 407 304 271 269

After the slow-down in March through May, the data is starting to reflect the increase in activity over the last 90 days. Through August 2020, the median condo price is up 9% over 2019. If we annualize YTD 2020 condos sold, we are on track to sell 38% fewer condos in 2019, but I do not think this trend is accurate as 45% of all condos sold in 2020 were closed in July and August. Condos are selling 19% faster than in 2019 (down 14 days).

Single Family Homes

Through 8/31/20 2019 2018 2017 2016 2015 2014
Median* Sold Price $785,000 $767,625 $890,000 $750,000 682,500 694,400 $619,000
Median* Days on Market 92 113 113 131 132 165 145
Total SF Homes Sold 62 94 87 95 98 91 85

Through August 2020, the median price of single family homes sold is relatively flat (about 2% variance) as compared to 2019. Annualizing YTD 2020 single family homes sold, we are on track to sell approximately the same number of homes in 2020 as compared to 2019, but I think this trend will shift since 37% of the YTD homes sold closed in July and August. Single family homes are also selling 25% more quickly in 2020 than 2019 (down 21 days).

The current inventory provides an indication of potential activity. Below is a snapshot of current listings:

Currently Listed Condos Single-Family Homes
Median Price* $445,000

DOWN from $421,950 in August

$1,295,000

UP from $1,162,500 in August

Median Days on Market* 39

DOWN from 53 in August

60

DOWN from 65 in August

Total Available March 1** 65

DOWN from 94 in August

33

DOWN from 40 in August

*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

**Total Available excludes properties currently under contract.

Download the report.

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