Real estate markets across the country are cooling down after two years of pandemic related
growth. With macro-economic pressure, inflation, and higher interest rates, sales volumes
have declined in most markets throughout the US. After almost eight quarters of extraordinary
growth Monterey Peninsula Real Estate is also showing signs of “Normalizing” although the decline
is not as significant as many parts of the country. Demand for living in this region remains
extremely high and continues to outpace supply. With inventory of homes for sale still low across
the Peninsula, average sale prices have remained high. For Q2 of 2022 the average sale price
across the Peninsula was $1,922 down just 12% from last quarters high and slightly ahead of the
average sale price at this time last year. Look through our report to learn more!
