$484K  
The Salinas market closed in on its 12-month sales average this week with 60 homes sold over the last 30 days. Within the same time frame, Monterey had 26 sales, the most of all cities in the area. Potential buyers should note that prices went up in Salinas, with the median for this period rising from $415,000 to $432,950. With only two months of inventory and rising sales, Salinas is a solid seller's market.
Comments:

$875K  
February was the last time there were so many price reductions in the Salinas market, with 32 reported over the last 30 days. The market also had 55 homes change hands. During the same time frame, Seaside had the most price reductions of any other neighboring municipalities with 15. The median sales price dropped to $412,000, down from last week's $419,000. Despite the slip in sales, a relatively low two months of inventory indicates that Salinas is a definite seller's market.
Comments:

Salinas is a larger than average city in California with 150,441 residents. Also, it has a much higher than average density with 6,490.5 people per square mile. 93905, 93906, and 93901 are its three most populated zip codes. With a ratio of 52.0%, most homes in Salinas are being rented. The top school in the city is John E. Steinbeck Elementary School.
Comments:

$550K  
Over the last 30 days, the Salinas market had a lift in home sales with 52. But as sales edged up, the number of pending transactions continued to decline, with a total of 74 contracts during the same period. The median sales price dropped to $412,000 over the latest reporting period for Salinas, down from $434,950. The rising sales and a low two months of inventory point to Salinas being a strong seller's market.
Comments:

$475K  
The Salinas market broke below its 12-month average sales volume this week as sales slid 15.2% to hit 56 homes sold over the last 30 days. Meanwhile, close-by Monterey reported 22 homes sales, the highest number from all the surrounding cities. Prices are rising in Salinas, and the median sales price this period increased from $442,250 to $446,750. There are only two months of inventory available in Salinas, so it's a definite seller's market, even with the decrease in sales.
Comments:

$1.6M  
The Salinas market has established an emerging upward trend, even as sales fell 3.0% this week to 64 homes over the last 30 days. The median sales price climbed to $442,250 over the latest reporting period for Salinas, up from $430,500. Despite the slip in sales, a relatively low two months of inventory indicates that Salinas is a solid seller's market.
Comments:

$669K  
The Salinas market was active in this week's report, as the number of sales went up to 59 homes sold over the last 30 days. At the same time, close-by Monterey reported 22 home sales, the highest number from all the surrounding cities. Potential buyers should note that prices went up in Salinas, with the median for this period rising from $435,500 to $446,500. With only two months of inventory and rising sales, Salinas is a definite seller's market.
Comments:

The population of Salinas is somewhat affluent compared to others in California with a median income of $51,981 per household. It's also considered an average city in terms of affordability with a cost of living adjustment score of 120.0. Its three largest zip codes are 93905, 93906, and 93901. Salinas is made up of homes that are considered relatively old with a median of 34 years. The top school in the city is John E. Steinbeck Elementary School.
Comments:

$1.8M  
This week saw a record in sales growth for the Salinas market. It resulted in 56 homes selling over 30 days, which is a 12.0% spike from last week's number and also the highest amount since January. In comparison, Monterey led all other nearby municipalities with 21 sales. The median sales price climbed to $443,250 over the latest reporting period for Salinas, up from $397,500. With only two months of inventory and rising sales, Salinas is a definite seller's market.
Comments:

$519K  
Home sales rose to 45 homes sold over the last 30 days, providing a lift to the Salinas market. That may continue, due to a six-week upward trend for contracts, with 89 in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price climbed to $429,000 over the latest reporting period for Salinas, up from $400,000. With just two months of inventory available and contracts going up, Salinas is a definite seller's market.
Comments:
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