Hello Friends,
We hope you're enjoying the start of summer! The following is our mid month (June 18, 2025) market activity update for detached homes in Carmel Valley, along with expert insights into what these numbers mean for homeowners and buyers.
Our expert insight:
The market is slowing but sales prices remain steady. As of mid-June, there are 56 active listings and just 11 pending, a noticeable increase in inventory from earlier this spring. Over the last 14 days, we saw 15 new listings, 4 go pending, and 5 close. Over the past 30 days, 23 homes came to market, 11 went pending, and 24 sold. This signals a slower pace of absorption as inventory rises.
Key takeaway:
While inventory is climbing, prices are holding strong. Comparing the last 90 days to the previous 90-day period, home prices are up 2.9%. Over the last 30 days:
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Homes between 2,000–3,000 SQFT are averaging $800/SQFT sales price.
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Homes between 3,000–4,000 SQFT are averaging $845/SQFT sales price.
The market remains stable, with prices continuing to show growth even as transaction volume softens. Real estate, at its core, is a supply and demand equation. While we’ve seen an increase in supply, it’s largely due to buyers pausing rather than disappearing. Many have temporarily moved to the sidelines in response to broader economic uncertainties, but the underlying need for housing remains strong. As interest rates and economic conditions evolve, we expect many of these buyers to re-enter the market.
As always, if you want to know more about how this impacts your home’s value or your real estate plans, we’re happy to chat.
Best,
