The Heinrich Team
Monterey, CA 93940
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Monterey, CA 93940
Wed Oct 21 2020
This week the median list price for Monterey, CA 93940 is $1,550,000 with the market action index hovering around 58. This is an increase over last month's market action index of 57. Inventory has held steady at or around 27.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $1,550,000 | |
| Per Square Foot | $641 | |
| Days on Market | 67 | |
| Price Decreased | 15% | |
| Price Increased | 4% | |
| Relisted | 4% | |
| Inventory | 27 | |
| Median Rent | ||
| Most Expensive | $5,875,000 | |
| Least Expensive | $699,900 | |
| Market Action | 58 | |
| Strong Seller's Market | ||
Click for more charts
Each segment below represents approximately 25% of the market ordered by price.