Carmel Valley single family property sales in November were 9, down from 10 in November 2010 and 30% lower than the 13 sales in the previous month. Carmel Valley markets are still under price pressure due to a lack of demand. There are early signs that the marketplace is slowly working its way to a more balanced presentation, foremost is the decreased inventory of 79 homes, the fewest on the market in over three years.

For a complete review of trends and statistics, please visit Carmel Valley Market Action Report – November 2011