Carmel, CA
85 properties have closed escrow in Carmel since the beginning of the year. The average sales price is $1,253,145, 8% below the average asking price of $1,357,687.
The median sales price for these homes sold in Carmel is $1,011,500. They were on the market for an average of 139 days before they sold.
There are currently 186 active listings in Carmel. With approximately 20 homes selling per month in Carmel and 186 active listings, we have just over 9 months of inventory. This, and the fact that homes are selling for about 8% less than their asking price, are indicators that we’re still in a buyers market.
Interest rates remain low (Interest Rate Information), seller motivation is typically high because there are other real estate opportunities waiting for their money, and Carmel remains and will always be one of the best places to own a home on the planet.
~ Zach
average sales price, median sales price, avg DOM, months of inventory
36.565761
-121.906971