$1.1M  
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.
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$595K  
The Monterey market slowed with a 15.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 19.7 monthly average with 17 homes sold. Within the same time frame, Salinas had 56 sales, the most of all cities in the area. Potential buyers should note that prices went up in Monterey, with the median for this period rising from $580,000 to $595,000. In spite of the decrease in sales, a low two months of inventory signals that Monterey is a definite seller's market.
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$895K  
Over the last 30 days, a budding downward trend of new sellers coming into the Monterey market continued, with 14 listings in this week's report. Meanwhile, sales rose, with 20 homes selling during the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Prices are falling in Monterey, and this period the median price of all sales fell from $587,500 to $580,000. The rising sales and a low two months of inventory point to Monterey being a strong seller's market.
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$565K  
Monterey is older than the rest of California, with a median age of 37. It's affluent as well, with a median income of $57,550 per household. 93940, 93944, and 93943 are its three most populated zip codes. The Monterey market is primarily made up of detached homes, currently accounting for 71% overall. The top school in the city is La Mesa Elementary School.
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$549K  
Home sales in the Monterey market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 21.7% to 18 homes sold over the last 30 days. In comparison, nearby Salinas had 61 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices are coming down in Monterey, and for this period the median sales price slid from $640,000 to $587,500. Despite the slip in sales, a relatively low three months of inventory indicates that Monterey is a seller's market.
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$895K  
Over the last 30 days, the Monterey market showed healthy signs with 23 homes sold. It marks a 21.1% increase from last week's report, while also topping the average sales volume for the prior 12 months. Within the same time frame, Salinas had 52 sales, the most of all cities in the area. Prices are falling in Monterey, and this period the median price of all sales fell from $750,000 to $640,000. With only two months of inventory and rising sales, Monterey is a definite seller's market.
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$895K  
The Monterey market might be slowing down in the coming weeks. Sales fell this week to 19 homes sold over the last 30 days, and there is a new downward trend in the number of new listings, with 17 going live in the same time frame. While the number of new listings were weakened, months of inventory hit three, extending an upward trend to four weeks. Despite the slip in sales from last week to this week, the low inventory indicates that Monterey is still a seller's market.
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$219K  
A three-week rough patch for the overall sales trend continues in the Monterey market. On a positive note, the number of sales actually rose 5.3% over the last 30 days to hit 20. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Pricing in Monterey remains consistent from last week to this week, with the median sales price at $775,000 again. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Monterey is a seller's market.
Comments:

$575K  
The number of home sales in the Monterey market rose 26.7% to 19 homes over the last 30 days, coming close to the 20.2 monthly average for the last 12 months. In comparison, nearby Salinas had 55 sales in the same time frame, the most of all neighboring cities. The median sales price rose to $775,000 over the latest reporting period for Monterey, up from $685,000. The rising sales and a low three months of inventory point to Monterey being a seller's market.
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$575K  
Monterey is a larger than average city in California with a population of 27,810 residents. Also, it has a higher than average density with 3,284.9 people per square mile. Its three largest zip codes are 93940, 93944, and 93943. With a ratio of 57.6%, most homes in Monterey are being rented. The best school in the city is La Mesa Elementary School.
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