Real Estate Report presented by Maureen Mason

March 2019 Report

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


Median Price
$605,000
+2.4%
Average Price
$961,135
+27.4%
No. Sold
131
+2.3%
Pending Properties
311
+22.4%
Active
512
+0.8%
Sale/List Price Ratio
97.5%
-0.5%
Days on Market
78
+46.2%
Days of Inventory
106
-11.4%

Market Barometer

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Market Commentary

Home Prices Up from January

The average price for single-family, re-sale homes jumped 27.4% in February from the month before. It was down 4.9% year-over-year.

The median sales price for homes in Monterey County was up 2.4% from January. It was up 1.7% year-over-year.

Home sales were down 16.6% compared to last year. There were 131 homes sold.

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 97.5%.

Inventory increased year-over-year for the fourth month in a row. Inventory was up 13%.

As of March 5th, there were 512 homes for sale. The average is 1,333.

Days of inventory was at 106. 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 surged from 53 days to 78 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 28.1%, year-over-year, while the average sales price dropped 0.9%. 

Condo sales were down 3.8%.

The sales price to list price ratio for condos was 97.9%.

It is taking 50 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 fell to 87. The average is 195.

There are 81 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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