Real Estate Report presented by Maureen Mason

December 2018 Report

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


Median Price
$630,000
+4.1%
Average Price
$900,759
-2.5%
No. Sold
186
-2.1%
Pending Properties
277
-14.2%
Active
604
+0.8%
Sale/List Price Ratio
98.2%
-0.2%
Days on Market
43
-19.2%
Days of Inventory
94
-0.4%

Market Barometer

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Market Commentary

Home Prices Mixed in November

After setting a new record high in September, the average price for single-family, re-sale homes fell the next two months. It was down 2.5% in last month from October. It was down 0.8% year-over-year.

The median sales price for single-family, re-sale homes in Monterey County was up 4.1% from October. It was up 1.4% year-over-year.

Home sales were down 14.7% compared to last year. There were 186 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 98.2%.

Inventory increased year-over-year for the first time since November 2016. Inventory was up 9.6%.

Days of inventory was at 94. The average is 185.

As of December 5th, there were 604 homes for sale. The average is 1,333.

Homes are selling faster than normal. It is taking only 43 days from when a home comes on the market to when it goes under contract. The average for the past fourteen years is 68 days.

The median price for condos was down 22.5% year-over-year. The average price was down 13.5%.

Condo sales were up 15.8%.

The sales price to list price ratio for condos was 98.1%.

It is taking 44 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 jumped to 107. The average is 195.

There are 81 condos for sale. The average is 122.

If you would like more specific information, do not hesitate to contact me.

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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