A Quick Update for the Monterey County Housing Market, September 23, 2026

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

• Inventory fell in the month of August. Months of inventory year over year shows August 2026 with 5.4 months versus 5.7 months in August 2025.

• Median Sales prices decreased year over year August 2026 - $860,000. August 2025- $925,000

• Sales volume has decreased by 21.9% year over year. Snapshot of August 2025- $326.3M compared to August 2026 - $254.9M

• Price reductions continue. August sales price to original list price was 95.5%.

• Average Days to Sell for August sales was 54 days, down from last August when it was 56.

  
  

Break Down of Data for Monterey County:

Listings:

• Currently, there are 625 residential homes/condos/townhomes listed for sale

• There are 34 properties listed under $500,000 (5% of total listings)

• There are 190 properties listed between $500,000-$1,000,000 (30% of total listings)

• There are 292 properties listed between $1,000,000 to $3,000,000 (46.7% of total listings)

• There are 75 properties listed over $5,000,000 (12.0% of total listings)

September Sales MTD:

• There have been 127sales

• Average Price per Foot was $724

• Average Days to Sell was 59

• Average Sales Price to list Original List Price was 96%

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