Home Sales Fall in Monterey Real Estate Market

The Monterey market stayed soft with 14 homes sold in the last 30 days, a 17.6% sales drop. In comparison, nearby Salinas had 53 sales in the same time frame, the most of all neighboring cities. Prices are rising in Monterey, and the median sales price this period increased from $595,000 to $642,500. In spite of the decrease in sales, a low three months of inventory signals that Monterey is a seller's market.

If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in Monterey:

$1.1M   $3.1M   $889K  

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

Demographic facts about Monterey:

  • The population has decreased 5.1% over the past 10 years.
  • The lifestyle rating here is 75. (Scale: 1 = Worst, 100 = Best)
  • Residents who travel to work by car account for 61.4% of all commuters, while carpools account for 6.5%, and public transit makes up 4.3%.

Data reported through 1/12/2017

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Monterey Coast Realty
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