Monterey County
All Zips

Single Family/Detached
April 2015

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Trends at a Glance

Market MomentumEnlarge Graph

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Market Report Commentary

How Absorption Rate Affects Prices

Absorption rate, also known as months of inventory, is the number of months it would take to sell all the homes currently for sale in the market. Absorption rate is calculated by dividing the number of homes...

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Mortgage Rate Outlook

Economy Not Cooperating, Mortgage Rates To Ease Apr 3, 2015 --'s broad-market mortgage tracker -- our weekly Fixed-Rate Mortgage Indicator (FRMI) -- found that the overall average rate for 30-year fixed-rate...

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Keeping Your Property Tax Base

Under Proposition 60, California homeowners 55 and older get a one-time chance to sell their primary residence and transfer its property-tax assessment to a new one, but the market value of the new home generally...

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Monterey County Stats At A Glance

Year-Over-Year Median home prices increased by 20.3% year-over-year to $600,000 from $498,750. The average home sales price rose by 19.1% year-over-year to $835,736 from $701,572. Home sales fell by 11%...

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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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