Archive for category: Market Reports

In May we saw the median home price in Marin County break the $2 million barrier again, the first time since June of 2022. All of the metrics are up vs. the same month last year, with the number of homes for sale up 38% and the months of supply up 33% to two months. The number of listings increased in all SF Bay Area counties, though inventory expanded the most in Alameda, Marin and San Francisco counties.

In February we saw all of our metrics move up, with the median sold price up 20% vs. the same time last year to $1.44 million. The great news is that we also saw 20% more homes on the market, with 248 on in February. The days on market also moved up 20% to 61 days, likely reflecting the impact the rains and higher interest rates have had on buyers, some of whom are on the sidelines.

We are ending the year with some good news - the median sold price increased 6% in November 2023 compared to November 2022, while the days on market decreased. Read my full report here.

The Marin County real estate market softened noticeably in August, with the number of homes for sale up vs. the same time last year and the median price down. The median home price declined 7.3% vs. August 2022 to $1,275,000 while days on market, the average time it takes to sell a home, increasing 25% to 50 days, from a low of 20 days in June of 2022. Read more here.

In May we saw inventory begin to recover from earlier in the year. While the number of homes for sale is still down 32% vs the same period in 2022, we saw a 14% increase vs. April and a 34% increase since March. The market seems to be adjusting to the more normal interest rates this year, with the pace of price reductions slowing as we enter the summer season. The median home price began to flirt with that $2 million price point again, climbing to $1.9 million. Read more here.