Keller Williams Coastal Estates' Market Report

Carmel, CA

Single-Family Homes

www.kwcoastalestates.com | frontdesk505@kw.com | 831.622.6200



Carmel, CA

Sun Jan 29 2023
This week the median list price for Carmel, CA is $3,660,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has decreased to 36. Click here to stay informed with the Carmel market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Carmel, CA

Sun Jan 29 2023
This week the median list price for Carmel, CA is $3,660,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has decreased to 36. Click here to stay informed with the Carmel market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Carmel market.
Median List Price $3,660,000
Median Price of New Listings $3,287,500
Per Square Foot $1,483
Average Days on Market 124
Median Days on Market 98
Price Decreased 31%
Price Increased 0%
Relisted 11%
Inventory 36
Median Rent
Market Action 33
Slight Seller's Advantage

This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$12,000,000 4,086 1 - 2.5 acres 5 4.5 29 0 0 105
$5,200,000 3,127 0.5 - 1 acre 4 3.5 50 1 1 84
$2,650,000 2,261 4,500 - 6,500 sqft 4 3 64 1 0 77
$1,750,000 1,887 0.25 - 0.5 acre 3 2.5 45 0 0 147