Real Estate Report presented by Information Designs

October 2019 Report

Single Family Homes in Monterey County, All Cities, All Neighborhoods Change >


Median Price
$652,500
+3.2%
Average Price
$1,025,720
+14.5%
No. Sold
178
-18.3%
Pending Properties
362
+7.7%
Active
591
-1.2%
Sale/List Price Ratio
97.5%
-0.6%
Days on Market
50
-4.1%
Days of Inventory
96
+17.0%

Market Barometer

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Market Commentary

Median Sales Price Up, Sales Down in September

Sales prices for single-family, re-sale homes rose in September from August.

The median sales price for homes in Monterey County was up 3.2% from August. It was up 4.4% year-over-year.

The average price rose 14.5% from August. It was down 10.8% year-over-year.

Home sales were down18.3% from August, and, they were down 15.6% compared to last year. There were 178 homes sold last month.

The sales price to list price ratio, or what buyers are paying compared to what sellers are asking, rose from 98.1% to 97.5%.

Inventory was down for the second month in a row, dropping 2.6%.

As of October 5th, there were 591 homes for sale. The average is 1,333.

Days of inventory jumped from 82 to 96. The average is 185.

Days of Inventory reflects an estimate of the amount of time it would take to sell all of the current listings if no new listings became available. It is calculated by taking the number of homes for sale and dividing by the number of homes sold in a given time frame. We use last month’s sold number.

Days on Market fell from 52 days to 50 days last month. The average for the past fourteen years is 68 days. Days on Market counts the time from when a home comes on the market to when it goes into contract.

The median sales prices for condos was up 31.4%, year-over-year, while the average sales price gained 26.5%. 

Condo sales were up 7.1%.

The sales price to list price ratio for condos was 98.4%.

It is taking 96 days from when a condo comes on the market to when it goes under contract. The average for the past fourteen years is 66 days.

Days of inventory rose to 70 from 67. The average is 195.

There are 72 condos for sale. The average is 122.

For assistance in this market, do not hesitate to contact me. If you are thinking of selling, I can provide a free comparative market analysis. Also, if you click on Recent Sales & Listings, you will see what has sold, what is for sale and what is pending in your neighborhood.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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