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
