Q2 2026 Market Update

The Monterey Peninsula hit full stride in Q2.  In total, 297 homes closed across the Peninsula — up 37% from Q1 and 12% from a year ago — with total sales volume reaching $626M, the highest quarterly total since Q2 2022!  The average sales price came in at $2.3M, up 6% year over year, while the median rose 12% from Q1 to $1.5M.

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The quarter's biggest headline belonged to Pebble Beach, where a $31M closing marked the first on-MLS sale above $20M since 2022.  But the momentum ran well beyond the trophy properties: Carmel-by-the-Sea topped $100M in quarterly volume, while Monterey, Pacific Grove, and Marina each posted their busiest quarter in years.  In Seaside, 60% of homes sold at or above asking — a level of competition we haven't seen there since 2023.

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Sellers met the moment as well.  A wave of 466 new listings hit the market, up 38% from Q1, giving buyers their widest selection in years — and the Peninsula absorbed it.  Days on market improved to 55 from 64, though buyers remain more deliberate than a year ago, and the familiar pattern held: well-priced homes moved quickly and often above asking, while aspirationally priced listings took longer to sell.

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Looking ahead, the strength of the spring market — deep demand, replenished inventory, and steady pricing — sets the stage for an active second half of 2026.  Success on either side of a sale will depend on thoughtful strategy, precise timing, and a clear understanding of each micro-market - and that is precisely the work I love most!

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As 2026 reaches its midpoint, I’m proud to have helped ten clients in $25M of sales - every single one a returning client or referral - and there is no greater compliment!

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If you or someone you know is curious about the market or contemplating a move, I would be honored to help in the next chapter!

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