Q2 Market Report
Real estate markets across the country are cooling after two plus years of pandemic related growth. With macro-economic pressure such as inflation and higher interest rates, sales volume has declined in most markets throughout the US. After almost eight quarters of extraordinary growth across Monterey Peninsula, we are now seeing signs of normalization, although the decline is not as significant as in other parts of the country.
The demand for living in this region remains high and continues to outpace supply. Despite some cooling, the Q2 2022 average sales price had almost no change compared to last quarter, and is up 11% from Q2 2021. Take a more detailed look through our report to learn more.
CARMEL BY THE SEA
BY SALES VOLUME
#3 small team
According to Real Trends
and as advertised in the Wall Street Journal