While our market is normalizing and performing behind some of the record numbers delivered in 2021, so far we are not experiencing the dramatic reduction in real estate results seen in other markets across the country. The big news on The Monterey Peninsula is that pricing is holding strong.

While all nine of the markets we track experienced a slight decrease in the average sales price compared to last quarter, five of those markets experienced an average 8% increase in sales price this year compared to Q3 2021 while the remaining four saw a mild (5%) decrease compared toQ3 2021.

Take a more detailed look through our report to learn more.