Market Updates

Monterey County Third Quarter Market Report

October 22, 2018

Monterey Q3 - 2018

The Monterey Peninsula has been very stable in sales over the last year when comparing year-to-date of 2017 to 2018. The number of sales has increased 5% over the previous year and the median sale price has increased 5% as well. With that being said, however, the average days on the market have decreased by 10%, and the months of inventory available to purchase currently is about 3% less than the previous year. All four points add up to a nicely increasing and stable market. Carmel, Carmel Highlands, Carmel Valley, Monterey, Pacific Grove, and Pebble Beach each have varying statistics with some performing better than others, but as a whole it is looking good on the Peninsula.

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