Here is a quick summary of the Monterey County Real Estate Market for April /March 2026:
Inventory continues to rise slowly as we move towards May. Months of inventory declined year over year. March 2026 reflects 4.6 months versus 5.8 months March 2025.
Median Sales prices decreased year over year March 2026 - $866,500. March 2025- $890,000
However, sales volume has increased by 32% year over year. Snapshot of March 2025- $227,823,528 compared to March 2026 - $301,823,523
Price reductions continue. March sales price to original list price was 96%.
Average Days to Sell for March sales was 55 days, up from last March when it was 50.
Break Down of Data for Monterey County:
Listings:
Currently, there are 561 residential homes/condos/townhomes listed for sale
There are 25 properties listed under $500,000 (4.05% of total listings)
There are 195 properties listed between $500,000-$1,000,000 (34.% of total listings)
There are 235 properties listed between $1,000,000 to $3,000,000 (41.8% of total listings)
There are 50 properties listed over $5,000,000 (8.9% of total listings)
April Sales MTD:
There have been 180 sales
Median Price per Foot was $738
Average Days to Sell was 49
Average Sales Price to list Original List Price was 97.5%
If you are a buyer:
1. Consult your agent and your loan officer and create a plan!
2. Make sure to get pre-qualified.
3. Don't make big purchases that might affect your bank balances or credit score.
4. Be prepared to act quickly if you find a house you like.
5. Make a list of "must haves" and "like to haves" and be prepared to compromise
Data Source: MLS Listings Inc
