Is the market crashing?
Looking at a few months of market data with a few years of context - the answer is "no".
Moving into Spring, Markets Remain Very Heated
So far, the real estate markets appear largely unfazed by higher interest rates
Bay Area Luxury Home Prices, Market Trends & Conditions
So far the luxury market appears largely unfazed by the economic and political volatility that has characterized the beginning of 2022.
What's Going on With the Market? Q3 2021 Update
Looking at the past few years, we see similar new active listing numbers illustrating that there are actually a number of new homes coming on the market. The difference is how quickly buyers are purchasing them.
Home Sales Remain Strong Across Carmel, Pebble Beach and the Monterey Peninsula
Strong home sales continue across Carmel, Pebble Beach and the Monterey Peninsula. More than $1.5B has sold through the first six months of the year. Looking at sales across the entire Bay Area you can see that the median square footage size in our region is the largest.
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.