Historically Low Inventory and Steady Demand Across the Monterey Peninsula
As home sell-through started in July, demand has remained steady. The shortage of new supply is causing an increase in market velocity resulting in multiple offers not as common in our area. Over the past two weeks we've been involved in several competitive offers (10 offers,11 offers, 11 offers, 10 offers, 10 offers). Data and charts prepared by Patrick Carlisle, Chief Market Analyst at Compass.