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Monterey County

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Trends At A Glance Jul 2014 Previous Month Year-over Year
Median Home Price -6.1%$450,000 $479,000 +8.4%$415,000
Average Sales Price +2.6%$723,476 $705,474 +20.2%$601,776
No. of Homes Sold +6.2%224 211 -12.2%255
Pending Properties -8.7%188 206 -53.5%404
Foreclosures Sold -22.2%7 9 -73.1%26
Short Sales Sold 0.0%3 3 -92.9%42
Active Listings -3.1%677 699 -18.2%828
Active Foreclosures -31.3%11 16 -60.7%28
Active Short Sales 0.0%6 6 -94.4%107
Sales Price vs. List Price +0.5%98.4% 97.9% -1.1%99.5%
Average Days on Market -16.5%51 62 +14.6%45

Market MomentumEnlarge Graph

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Market Report Commentary

Pending Sales Plunge

With the increase in prices over the past two years pulling most homeowners above water, one would expect more homes on the market. In fact, the lack of active listings continues to hobble the market. From the middle of 2007...

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Mortgage Rate Outlook

Fed Message Bumps Rates, A Little August 1, 2014 -- One of these days, and probably not long from now, the Federal Reserve is going to again surprise the market in a meaningful way, causing all manner of unintended...

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Foreclosure Statistics

Notices of default, the first step in the foreclosure process, in Monterey County were down 26.8% in June from May. Year-over-year, notices were down 41.4%. There were 41 new notices in June. Notices of sale, which set the...

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Monterey County Stats At A Glance

Year-Over-Year Median home prices increased by 8.4% year-over-year to $450,000 from $415,000. The average home sales price rose by 20.2% year-over-year to $723,476 from $601,776. Home sales fell by 12.2%...

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Prices & SalesEnlarge Graph

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Sales BreakdownEnlarge Graph

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Days of InventoryEnlarge Graph

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Sales To DateEnlarge Graph

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Sale Price RatioEnlarge Graph

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