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:
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