February 2025 Report
Single Family Homes in Monterey County, All Cities, All Neighborhoods Change >
Average Price$1,294,570
-11.5%
Pending Properties168
+13.5%
Sale/List Price Ratio98.4%
-0.4%
Days of Inventory83
+11.7%
Trends at a Glance
| Trends At a Glance |
Feb 2025 |
Previous Month |
Year-over-Year |
| Median Price |
$900,000 (-6.7%) |
$965,000 |
$849,000 (+6.0%) |
| Average Price |
$1,294,570 (-11.5%) |
$1,462,080 |
$1,242,290 (+4.2%) |
| No. of Sales |
102 (-18.4%) |
125 |
92 (+10.9%) |
| Pending |
168 (+13.5%) |
148 |
169 (-0.6%) |
| Active |
314 (+1.3%) |
310 |
242 (+29.8%) |
| Sale vs. List Price |
98.4% (-0.4%) |
98.7% |
99.6% (-1.2%) |
| Days on Market |
47 (-4.4%) |
49 |
42 (+11.2%) |
| Days of Inventory |
83 (+11.7%) |
74 |
74 (+12.9%) |
Market Commentary
The median sales price for single-family, re-sale homes was up 6% year-over-year.
The average sales price for single-family, re-sale homes gained 4.2% year-over-year.
Home sales rose 10.9%. There were 102 homes sold in Monterey County last month. The average since 2000 is 239.
The sales price to list price ratio, or what buyers are paying compared to what sellers are asking, fell from 98.7% to 98.4%.
Inventory for single-family, re-sale homes was up 29.8% year-over-year.
As of March 5th, there were 314 homes for sale. The average is 1,333.
Days of inventory rose from 74 to 83. The average is 185.
Days of Inventory reflects an estimate of the amount of time it would take to sell all the current listings if no new listings became available. It is calculated by taking the number of homes for sale and dividing by the number of homes sold in a given time frame. We use last month’s sold number.
Days on Market was 47. The average for the past fourteen years is 68 days. Days on Market counts the time from when a home comes on the market to when it goes into contract.
The median sales prices for condos lost 25.2%, year-over-year, while the average sales price fell 13.8%.
Condo sales were up 116.7% compared to last year. There were twenty-six condos sold last month.
The sales price to list price ratio for condos fell to 98.1% from 99.4%.
It took 75 days from when a condo comes on the market to when it goes under contract. The average for the past fourteen years is 66 days.
Days of inventory fell from 62 to 52. The average is 161.
There are 50 condos for sale. The average is 122.
For assistance in this market, do not hesitate to contact me. If you are thinking of selling, I can provide a free comparative market analysis. Also, if you go to my on-line report and click on Recent Sales & Listings, you will see what has sold, what is for sale and what is pending in your neighborhood.