Monterey Herald: Monterey County median home price back up in September to $1.019M

• The median home price for a single family home rose to $1,019,500, falling short of the record set in 2023.
• Monterey County’s median home price increased 7% over last year compared to San Benito’s 2% increase, Santa Cruz’s 3% increase, Santa Clara’s 1% increase, and California’s 1.8% increase from the previous year.
• Increasing average days on market indicates challenges in buyers and sellers aligning expectations

Soquel family loses $460K to modular home company without getting their house

• A local family lost $460k on a modular home that was never delivered.
• The modular home company filed for liquidation, leaving the family with no recourse.
• The housing crisis is pushing people toward innovative solutions, like modular homes, but innovative models also lack some of the consumer protections that apply to more traditional housing

Monterey County median home price at $919K in October, $1.048M in June

• The median price for a single family home in Monterey County was $919,838.
• Compared to last year, inventory increased by 41%, and new listings rose by 21%.
• Despite relatively increased inventory, prices did not decline as much as in other areas because overall local inventory still falls short of demand.