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
