The market slowdown that began in the middle of this year continued in September, with the number of homes for sale in Marin rising from 346 to 449 and months of supply up 21% compared to the same time last year. Median pricing resumed its upward climb, with the median up 5.4% compared to prior year. Read more here.

We saw something in last month’s numbers that we have not seen in more than a year – the number of homes for sale and the months of inventory (how long it would take to sell all the homes on the market if no additional homes were listed) both increased versus the same time last year. There were 256 homes on the Marin real estate market in June - a 29% increase from last year and the most homes for sale in the past 14 months. Read more here.

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Lack of inventory – homes to sell – continued to be an issue last month, with the number of new listings down almost 60% compared to the same time last year. This is not unique to Marin – new listings are down 40-50% throughout the San Francisco Bay Area. Pricing continues to march upward, with median home prices up 12% to $1.55mm compared to the same time last year.

December is traditionally a slower month in Marin real estate and this year we did see a return to normalcy with fewer transactions taking place than last year at this time. The median sold price of $1.55mm was up 10% vs. December 2020. There were only 45 homes on the market in Marin in December, a 64% drop from this time last year. Read more here.