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Monterey County

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Trends At A Glance Jun 2014 Previous Month Year-over Year
Median Home Price +7.6%$479,000 $445,000 +17.3%$408,500
Average Sales Price -8.0%$705,474 $766,492 +28.6%$548,684
No. of Homes Sold -18.5%211 259 -10.6%236
Pending Properties -36.6%206 325 -50.6%417
Foreclosures Sold +12.5%9 8 -40.0%15
Short Sales Sold -75.0%3 12 -95.1%61
Active Listings +13.8%699 614 -17.5%847
Active Foreclosures +23.1%16 13 -44.8%29
Active Short Sales 0.0%6 6 -95.5%133
Sales Price vs. List Price -0.7%97.9% 98.7% -2.2%100.1%
Average Days on Market +9.8%62 56 +15.5%53

Market MomentumEnlarge Graph

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Market Report Commentary

Active listings of single-family, re-sale homes was down 17.5% in June compared to the year before. From the middle of 2007 through the end of summer in 2011, home inventory averaged almost 1,700 units. Right now,...

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Mortgage Rate Outlook

Rate Balloon Continues Slow Deflation June 27, 2014 -- Lower mortgage rates this spring appear to have revived the moribund housing market a little bit. Mortgage rates have been moved lower this spring from the...

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Foreclosure Statistics

Notices of default, the first step in the foreclosure process, in Monterey County was flat in May from April. Year-over-year, notices were down 25.3%. There were 56 new notices in May. Notices of sale, which set the date and...

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Monterey County Stats At A Glance

Year-Over-Year Median home prices increased by 17.3% year-over-year to $479,000 from $408,500. The average home sales price rose by 28.6% year-over-year to $705,474 from $548,684. Home sales fell by 10.6%...

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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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