Intero Market Report

Monterey, CA

Single-Family Homes

Intero Real Estate| 408.342.3000 | www.intero.com



Monterey, CA

Mon Nov 30 2020
This week the median list price for Monterey, CA is $1,357,000 with the market action index hovering around 56. This is less than last month's market action index of 58. Inventory has held steady at or around 34. Click here to stay informed with the Monterey market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Monterey, CA

Mon Nov 30 2020
This week the median list price for Monterey, CA is $1,357,000 with the market action index hovering around 56. This is less than last month's market action index of 58. Inventory has held steady at or around 34. Click here to stay informed with the Monterey market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Monterey market.
Median List Price $1,357,000
Per Square Foot $618
Days on Market 57
Price Decreased 18%
Price Increased 3%
Relisted 6%
Inventory 34
Median Rent $3,625
Most Expensive $5,495,000
Least Expensive $699,900
Market Action 56
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 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
$4,248,500 6,018 1 - 2.5 acres 5 6 17 0 1 118
$2,470,000 4,049 0.5 - 1 acre 4 4 23 1 4 49
$1,199,000 1,920 0.25 - 0.5 acre 3 3 53 2 2 15
$948,000 1,415 4,500 - 6,500 sqft 3 3 66 2 3 49