Real Estate Report presented by Information Designs

June 2024 Report

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


Median Price
$1,048,000
+0.3%
Average Price
$1,489,550
-10.4%
No. Sold
123
-23.6%
Pending Properties
192
+4.9%
Active
354
+11.0%
Sale/List Price Ratio
99.5%
0.0%
Days on Market
29
-14.0%
Days of Inventory
83
+40.4%

Market Barometer

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Market Commentary

Home Prices Up, Sales Down in June

The median sales price for single-family, re-sale homes was up 35.7% year-over-year.

The average sales price for single-family, re-sale homes rose 10.5% year-over-year.

Home sales fell 18%. There were 123 homes sold in Monterey County last month. The average since 2000 is 239.

The sales price to list price ratio, or what buyers are paying compared to what sellers are asking, stayed at 99.5%.

Inventory for single-family, re-sale homes was up 14.2% year-over-year.

As of July 5th, there were 354 homes for sale. The average is 1,333.

Days of inventory rose from 59 to 83. The average is 185.

Days of Inventory reflects an estimate of the amount of time it would take to sell all 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 to 29 from 34 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 rose 18.9%, year-over-year, while the average sales price gained 12.1%.

Condo sales were down 16.7% compared to last year. There were thirty condos sold last month.

The sales price to list price ratio for condos fell to 97.6% from 98.9%.

It took 55 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 from 48 to 80. The average is 161.

There are 55 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 go to my on-line report and 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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