The second quarter traditionally brings renewed energy to the market, and this year was no exception. Activity was fueled by a wave of new inventory, strong buyer interest, and the enduring appeal of life here on The Monterey Peninsula. However, that momentum was briefly interrupted by global economic uncertainty, triggered by newly announced tariffs which led to a short-lived slowdown in home sales.

 

Even so, the market’s resilience quickly came into focus. By June, activity had regained its pace, closing out the quarter with renewed strength and a sense of confidence heading into the height of the summer season.

 

Compared to Q1, the market saw across-the-board gains: home sales, average sales price, and total sales volume all increased, while days on market declined—a trend expected as seasonal activity ramps up. The average sales price rose by 10%, while 60 additional sales pushed total volume up by approximately $153M—a 39% increase. Meanwhile, average days on market dropped to about one and a half months, a notable improvement from the two plus months seen in Q1.

 

Versus Q2 2024, the market held relatively steady. The number of homes sold remained unchanged, and both the average sales price and total volume

showed less than a 5% change. However, days on market improved slightly, with properties spending an average of four fewer days on the market compared to the same period last year.

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I’m busier than ever, but here to help with any questions or real estate needs!

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All My Best,

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Devon