A Quick Update for the Monterey County Housing Market - May 28, 2026

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

• Inventory continues to rise slowly as we move towards June. Months of inventory increased slightly year over year. April 2026 reflects 4.8 months versus 4.6 months April 2025.

• Median Sales prices decreased year over year April 2026 - $877,000. April 2025- $879,000

• Sales volume has decreased by 9.7% year over year. Snapshot of April 2025- $333,664,503 compared to April 2026 - $302,079,459

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

• Average Days to Sell for April sales was 62 days, up from last April when it was 54.

  
  

Break Down of Data for Monterey County:

Listings:

• Currently, there are 595 residential homes/condos/townhomes listed for sale

• There are 22 properties listed under $500,000 (3.6 of total listings)

• There are 208 properties listed between $500,000-$1,000,000 (34.9% of total listings)

• There are 266 properties listed between $1,000,000 to $3,000,000 (44.7% of total listings)

• There are 56 properties listed over $5,000,000 (9.4% of total listings)

May Sales MTD:

• There have been 180 sales

• Median Price per Foot was $1185

• Average Days to Sell was 50

• Average Sales Price to list Original List Price was 96.4%

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