Market Conditions in 93546>Question Details

Lauren Tracy, Real Estate Pro in Mammoth Lakes, CA

What do you think this Summer is going to look like for real estate sales in Mammoth in May and June?

Asked by Lauren Tracy, Mammoth Lakes, CA Tue Apr 9, 2013

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Well both May and June are always slower months for real estate sales activity in Mammoth Lakes due to the drop off in our tourist numbers. Locals refer to the spring and fall often as the "shoulder season" as it is our winter months and our quick 8-9 weeks of summer that really drive tourism traffic. But buyer demand seems to be remaining high right now, so in my opinion, it's the lack of listing inventory that may keep sales activity a little slow. If some of these sellers could drop their listing prices to be more in line with where market conditions are, i think they could sell their homes much faster and we would see a spike in the number of open escrows. But right now a lot of our listings are over-priced. We know this because any listing that is reasonably priced is seeing offers within the first few weeks of being listed.
0 votes Thank Flag Link Wed May 14, 2014
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