Here is a quick summary of the Monterey County Real Estate Market for March /February 2026:
Inventory has begun to rise as we move towards April but months of inventory remained flat year over year. February 2025 and 2026 reflect 5.5 months
Median Sales prices decreased year over year February 2026 - $800,000. February 2025- $850,000
Sales volume has increased by 7.3% year over year. Snapshot of February 2025- $ 212,853,383 compared to February 2026 - $228,421,797
Price reductions continue. February sales price to original list price was 97.6%.
Average Days to Sell for February sales was 64 days, up from last February when it was 60 .
Break Down of Data for Monterey County:
Listings:
Currently, there are 493 residential homes/condos/townhomes listed for sale
There are 20 properties listed under $500,000 (4.05% of total listings)
There are 179 properties listed between $500,000-$1,000,000 (36.3% of total listings)
There are 207 properties listed between $1,000,000 to $3,000,000 (41.9% of total listings)
There are 50 properties listed over $5,000,000 (10% of total listings)
March Sales MTD:
There have been 183 sales
Median Price per Foot was $763
Average Days to Sell was 51
Average Sales Price to list Original List Price was 97.3%
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
