The Monterey Peninsula experienced a rebound in the second quarter of 2023 after almost nine months of slow activity.

The average sales price on the Monterey Peninsula is down 8% from this time last year and marketing periods are 56% longer.However, compared to Q1 of this year, prices are up 12% while the with days on market has decreased to an average of 36 days. 

We are trending in a positive direction and believe that to continue into next quarter and year end. 

Take a look at the more detailed Q2 report below.