Local Market Update: 8% Increase in Inventory Last Week!
Last week we had an 8% increase in inventory. Sales and new escrows are up as well. Overall, it's been a very positive week! Let's take a look.... MARKET STATISTICS Here’s the summary of Monterey Peninsula real estate activity reported on MLS for the week of March 10th: New listings – 29 Off Market - 12 New escrows – 38 Closed sales – 33 Largest sale - $8 Million in Carmel Inventory – 439 Price reductions – 29 32% of new listings were over $1 million. Salinas and Seaside list