Market Update
Monterey Peninsula
Q2 2026
Residential Property Snapshot
Single Family Homes & Condos | Q2 2026
Med. Sales Price
$1.25m
3% less than in
Q2 2025
Q2 2025
Avg. Days On Market
53
4% more than in
Q2 2025
Q2 2025
Closed Sales
293
4% more than in
Q2 2025
Q2 2025
Inventory
368
Data unavailable for
Q2 2025
Q2 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q2 '22 | $1.2m | $1.89m | 356 |
| Q2 '23 | $1.24m | $1.62m | 282 |
| Q2 '24 | $1.33m | $1.85m | 294 |
| Q2 '25 | $1.3m | $1.83m | 282 |
| Q2 '26 | $1.25m | $1.79m | 293 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $1m | 34.5% |
|---|---|
| Q2 '26 | 101 |
| Q2 '25 | 84 |
| 1YR CHANGE | +20% |
| Closed $1m - $3m | 52.2% |
| Q2 '26 | 153 |
| Q2 '25 | 164 |
| 1YR CHANGE | -7% |
| Closed $3m - $5m | 8.9% |
| Q2 '26 | 26 |
| Q2 '25 | 24 |
| 1YR CHANGE | +8% |
| Closed Over $5m | 4.4% |
| Q2 '26 | 13 |
| Q2 '25 | 10 |
| 1YR CHANGE | +30% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q2 '22 | 26 | $1.2m |
| Q2 '23 | 35 | $1.24m |
| Q2 '24 | 39 | $1.33m |
| Q2 '25 | 51 | $1.3m |
| Q2 '26 | 53 | $1.25m |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q2 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-9%
New Listings
New Listings represents the number of properties listed during the quarter.
5%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
-5%
Closed Sales
4%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
4%
Big Sur
Median
$2.55m
DOM
212
Sales
2
Inv
6
Carmel
Median
$2.45m
DOM
53
Sales
33
Inv
58
Carmel Valley
Median
$1.68m
DOM
42
Sales
13
Inv
25
Del Rey Oaks
Median
$855k
DOM
30
Sales
3
Inv
4
Marina
Median
$877k
DOM
45
Sales
25
Inv
30
Monterey
Median
$988k
DOM
48
Sales
51
Inv
54
Monterey / Salinas Highway
Median
$1.35m
DOM
43
Sales
42
Inv
36
Pacific Grove
Median
$1.46m
DOM
50
Sales
40
Inv
35
Pebble Beach
Median
$3.16m
DOM
96
Sales
24
Inv
36
Seaside
Median
$792k
DOM
29
Sales
30
Inv
26