Monterey Peninsula Home Team - Mark Bruno

Carmel, CA

Single-Family Homes

Keller Williams Coastal Estates



Carmel, CA

Wed Feb 21 2024
This week the median list price for Carmel, CA is $3,591,500 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 42. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Carmel, CA

Wed Feb 21 2024
This week the median list price for Carmel, CA is $3,591,500 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 42. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Carmel market.
Median List Price $3,591,500
Median Price of New Listings $2,467,500
Per Square Foot $1,734
Average Days on Market 130
Median Days on Market 105
Price Decreased 26%
Price Increased 5%
Relisted 10%
Inventory 42
Median Rent
Market Action 32
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$6,892,500 3,184 0.5 - 1 acre 3 3.3 34 0 1 66
$4,075,000 2,421 8,000 - 10,000 sqft 3 2.8 54 0 0 164
$3,175,000 1,660 4,500 - 6,500 sqft 3 2.5 58 0 2 56
$2,295,000 1,535 8,000 - 10,000 sqft 2 2.5 51 2 0 112