Carmel...This Year Compared to Last

Over the last few days I have had a discussion with several clients about how the market "feels" compared to last year.

I decided to run some comparisons and see what the numbers say:

It is pretty clear what a difference a year can make. The orange bar is the 90 day median price trend line from a year ago. The black line is this year.

If you crunch the data for median price per square foot we would expect to see a similar curve, and here it is:

And finally, again as one would expect, inventory for the greater Carmel area is well above levels of a year ago. There does seem to be a leveling off of inventory over the last several weeks.