Marin County Real Estate Market Report – August 2019

Sold prices for both single-family homes and condo/townhomes were down further in July across all price points. Single-family home sales prices are down 6.6% year-over-year, while condo/townhomes prices are down 7.2%.

Demand is lower and fewer properties are selling. Year-to-date, single-family home sales are down 0.36% and condo/townhomes are down 9.9%.

Inventory in the under-$2,000,000 market remains exceptionally low at just 1 month. Inventory above $2,000,000 is substantially higher – 4.8 months. Sellers should expect fewer offers, and with lower offer prices. But, at least in the entry-level market, a well-priced property should still receive multiple offers.

Summary of the Numbers – August 2019* Single Family Residences (SFR) % Change         Year-over-Year Condo/ Townhomes % Change         Year-over-Year
Median Sales Price $1,448,333 -6.6% $729,333 -7.2%
Average Days on Market 39 7.3% 42 17%
Months of Inventory 2.0 30% 2.0 51%
% of List Price Received 97% -1.0% 100% -0.3%
New Listings (#) 134 -3.2% 38 -0.5%
Homes Sold (#) 158 -2.7% 35 -11%

*Rolling 3-month average compared to the same period the prior year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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