A Quick Update for the Monterey County Housing Market, August 26, 2026

Here is a quick summary of the Monterey County Real Estate Market for July/August 2026:

• Inventory fell in the month of June. Months of inventory year over year shows July 2026 with 54 months versus 6.0 months in July 2025.

• Median Sales prices decreased year over year July 2026 - $925,000. July 2025- $955,000

• Sales volume has decreased by 18.6% year over year. Snapshot of July 2025- $278.4M compared to July 2026 - $330.1M

• Price reductions continue. July sales price to original list price was 95.4%.

• Average Days to Sell for July sales was 63 days, down from last July when it was 54.

  
  

Break Down of Data for Monterey County:

Listings:

• Currently, there are 652 residential homes/condos/townhomes listed for sale

• There are 32 properties listed under $500,000 (4.9% of total listings)

• There are 214 properties listed between $500,000-$1,000,000 (32.8% of total listings)

• There are 289 properties listed between $1,000,000 to $3,000,000 (44.3% of total listings)

• There are 76 properties listed over $5,000,000 (11.0% of total listings)

August Sales MTD:

• There have been 144 sales

• Average Price per Foot was $742

• Average Days to Sell was 51

• Average Sales Price to list Original List Price was 97.4%

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