Contracts Bottom in Salinas Real Estate Market

Over the last 30 days, 91 homes went under contract in the Salinas market, the lowest amount since July. As the market appears to be weakening, there were 52 homes sold over the same period. In comparison, Monterey led all other nearby municipalities with 19 contracts executed. Potential buyers should note that prices are coming down in Salinas, and for this period the median sales price slid from $430,000 to $417,500. In spite of contracts trending lower, there are only three months of inventory available, which signals that Salinas is a still seller's market.

Trying to find a home in Salinas that offers more bedrooms? Then check out these listings that provide the most bedrooms in the area:

$749K   $599K   $609K  

Get started right now by checking out Salinas homes for sale or reviewing Salinas real estate trends.

Demographic facts about Salinas:

  • The total number of vacant homes in the area is 5.3%.
  • This area usually gets 259 sunny days each year. (U.S. average: 205)
  • There are 8,193 students for every librarian. (803 = national average)

Data reported through 10/13/2016

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