The housing market in Big Bear Lake continues to see strong price appreciation, with values up 11.0% compared to last year. Home prices have decreased 5.1% in the past month. With 6.8 months of supply, Big Bear Lake's inventory levels remain relatively tight. Homes are now taking an average of 147 days to sell, significantly longer than the 93 days typical for this market. Only 8.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Big Bear Lake market with the affordability index at 521.9. Current trends suggest further price adjustments may occur as the market continues to favor buyers.