A Quick Update for the Monterey County Housing Market - August 13, 2025

Here is a quick summary of the Monterey County Real Estate Market for July/August 2025:

• Inventory is steadily increasing as we move through the summer. Months of inventory are down slightly over last year. In July 2024, months of inventory was 5.8 in July 2025 it is now 5.6.

• Median Sales prices fell in June year over year. July 2025 - $957,500. July 2024 - $902,000.

• Sales volume has increased year over year but fell from the prior month. Snapshot of July 2025-$278,466,949 compared to July 2024 - $251,682,547.

• Price reductions continue with some frequency. June sales price to original list price was 94.9%.

• Average Days on Market for July sales was 55 days, up from a year ago when it was 46 days.

  
  

Break Down of Data for Monterey County:

Listings:

• Currently, there are 643 residential homes/condos/townhomes listed for sale

• There are 18 properties listed under $500,000 (2.7% of total listings)

• There are 221 properties listed between $500,000-$1,000,000 (34.3% of total listings)

• There are 70 properties listed over $5,000,000 (10.8% of total listings)

August Sales MTD:

• There have been 68 sales

• Median Price per Foot was $728

• Average Days to Sell was 54

• Average Sales price to list original list price was 95.0%

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