Monterey County
All Zips

 
Single Family/Detached
May 2015

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Trends at a Glance

Market MomentumEnlarge Graph

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Market Report Commentary

Home Prices Surge

The median price of single-family, re-sale homes reached its highest level since September 2007 last month. There are three main reasons prices are rising in Monterey County: Homeowners aren’t selling: Current...

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Mortgage Rate Outlook

Mortgage Rates Firming: Blame the Fed May 1, 2015 -- The Federal Reserve closed a meeting with no change to interest rate policy this week and provided little forward guidance about when they will start lifting rates...

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Get Preapproved!

In a hot market, like the one we’re in, with lots of multiple offers, having a preapproval document from your mortgage lender is essential. Without it, your offer will probably be rejected. What is a...

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Monterey County Stats At A Glance

Year-Over-Year Median home prices increased by 37.8% year-over-year to $621,000 from $450,500. The average home sales price rose by 27.1% year-over-year to $834,468 from $656,670. Home sales fell by 44.4%...

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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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