Real Estate Report presented by Information Designs

June 2019 Report

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


Median Price
$640,000
+6.7%
Average Price
$973,766
+6.5%
No. Sold
229
+27.9%
Pending Properties
341
+9.3%
Active
536
-4.1%
Sale/List Price Ratio
98.2%
+0.1%
Days on Market
45
-28.7%
Days of Inventory
70
-22.5%

Market Barometer

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Market Commentary

Home Prices and Sales Up from April

Prices for single-family, re-sale homes rose in May. The average price gained 6.5% from April. It was up 3.7% year-over-year.

The median sales price for homes in Monterey County was up 6.7% from April. It was down 5.8% year-over-year.

Home sales were up 27.9% from April, but, they were down 10.5% compared to last year. There were 229 homes sold last month.

The sales price to list price ratio, or what buyers are paying compared to what sellers are asking, continues to hover just below the 100% mark. It was 98.2%.

Inventory increased year-over-year for the sixth month in a row. Inventory was up 7.8%.

As of June 5th, there were 536 homes for sale. The average is 1,333.

Days of inventory dropped to 70. 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 63 days to 45 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 down 19.2%, year-over-year, while the average sales price dropped 18.3%. 

Condo sales were up 45.8%.

The sales price to list price ratio for condos was 99%.

It is taking 54 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 plunged to 88 from 176. The average is 195.

There are 103 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,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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