Monterey Peninsula Home Team - Mark Bruno

Carmel, CA

Single-Family Homes

Keller Williams Coastal Estates



Carmel, CA

Fri May 09 2025
This week the median list price for Carmel, CA is $2,993,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 80. 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

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Carmel, CA

Fri May 09 2025
This week the median list price for Carmel, CA is $2,993,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 80. 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

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Carmel market.
Median List Price $2,993,000
Median Price of New Listings $2,172,500
Per Square Foot $1,423
Average Days on Market 118
Median Days on Market 56
Price Decreased 43%
Price Increased 0%
Relisted 6%
Inventory 80
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$7,947,500 5,640 2.5 - 5 acres 4 4.8 19 1 3 227
$4,500,000 2,495 0.25 - 0.5 acre 3 3 35 0 1 56
$2,347,000 1,923 4,500 - 6,500 sqft 3 2 63 3 0 38
$1,924,000 1,545 6,500 - 8,000 sqft 3 2 58 2 0 42