2017 ended well for the Monterey Peninsula. This market does not usually have dramatic spikes, but holds a steady upward trend at a reasonable rate of increase. Overall, the number of sales were up about 3% and the median price went up over 12%, indicating a good, solid, and strong market. As the amount of inventory is diminishing on a steady basis, we are moving in the direction of becoming more of a seller’s market. Although we currently have a decent amount of inventory, it is rapidly declining.