Monterey County Market Update for February 2020


Here is a Monterey County update for February 2020:

  • The median Single Family home cost $699,000 and sold in 28 days for 98% of the list price based on 145 sales.

  • Inventory rose 2% from January, but down -15% from February 2019 with 645 homes available, compared to 760 homes last year.

  • Average days on market (DOM) rose 8 days from 66 to 74 or 12%; median DOM dropped by -15 days from the month before.

  • Number of new listings for the month of February decreased -4% over January and down -16% from February of last year.

  • Closed sales rose 1% from January from 143 to 145 but down -3% from February 2019.

Source: Market Report Update from MLS Listing Inc, March 16, 2020

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