Here is a quick summary of the Monterey County Real Estate Market for May/June 2026:
Inventory fell in the month of May. Months of inventory year over year shows May 2026 with 4.2 months versus 6.2 months in May 2025.
Median Sales prices increased year over year May 2026 - $897,500. May 2025- $854,500
Sales volume has decreased by 9.7% year over year. Snapshot of May 2025- $333,664,503 compared to May 2026 - $302,079,459
Price reductions continue. May sales price to original list price was 95.5%.
Average Days to Sell for May sales was 53 days, down from last May when it was 57.
Break Down of Data for Monterey County:
Listings:
Currently, there are 620 residential homes/condos/townhomes listed for sale
There are 24 properties listed under $500,000 (4% of total listings)
There are 215 properties listed between $500,000-$1,000,000 (34.9% of total listings)
There are 274 properties listed between $1,000,000 to $3,000,000 (44.2% of total listings)
There are 62 properties listed over $5,000,000 (10% of total listings)
June Sales MTD:
There have been 149 sales
Average Price per Foot was $853
Average Days to Sell was 46
Average Sales Price to list Original List Price was 95.6%
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
