A Quick Update for the Monterey County Housing Market - September 19, 2025

Here is a quick summary of the Monterey County Real Estate Market for August/September 2025:

• Inventory has begun to decline as we move into the fall. Months of inventory are down slightly over last year. In August 2024, months of inventory was 5.8 in August 2025 it is now 5.4.

• Median Sales prices increased year over year. August 2025 - $925,000. August 2024 - $844,500.

• Sales volume has increased by 29% year over year but fell slightly from the prior month. Snapshot of August 2025-$325,613,099 compared to August 2024 - $250,682,547.

• Price reductions continue with some frequency. August sales price to original list price was 94.5%.

• Average Days on Market for August sales was 55 days, up from a year ago when it was 47 days.

  
  

Break Down of Data for Monterey County:

Listings:

• Currently, there are 650 residential homes/condos/townhomes listed for sale

• There are 28 properties listed under $500,000 (4.3% of total listings)

• There are 237 properties listed between $500,000-$1,000,000 (36.4% of total listings)

• There are 59 properties listed over $5,000,000 (9.1% of total listings)

September Sales MTD:

• There have been 95 sales

• Median Price per Foot was $788

• Average Days to Sell was 43

• Average Sales Price to list Original List Price was 94.8%

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