The arrival of spring has unleashed a surge of activity across our community. With longer days, warmer weather, and the natural beauty of our surroundings in full bloom, buyers and sellers alike are seizing the opportunity with listings and sales up across the board.

The spring market is here as we see an incredible rise in the percentages of homes selling over their list price (+34% YoY), median days on market down (-25% YoY), and active and ‘coming soon’ listing numbers skyrocket (+20% YoY).

Would you be motivated to look at property when the rain is coming down like it was during January's storms? How does this weather pattern affect the real estate market?

Single family home sales volume in Marin in 2023 was on par with the foreclosure crisis and great recession of 2009 as interest rates continue to guide these unpredictable market conditions. On the other hand, demand remains high and the average price per home continues to hold strong.

Mortgage rates trended down for the sixth straight week, while new sales listing numbers in Marin haven't been this low since the great recession.

Despite the historically slow season, various factors like insurance, interest rates, pandemic effects, and a significant lawsuit against the National Association of Realtors have created a turbulent market as we head into the holidays.

Price reductions double, the new luxury sale trend, and a brand new video series.

The percentage of buyers paying "all cash" has been running at it's highest national level in eight years.

Low sale and listing numbers across both Mill Valley and Marin make for a very interesting balancing act currently between both buyers and sellers.

As Summer rolls in, the median sale price of homes in Marin is down 10% year-over-year, but still up 4.5% from two years ago.

Almost 9% of Marin County homes sold for $4 million+ in the last six months.

The traditional busy spring selling season is here. Higher demand than supply is resulting in more multiple offer scenarios than experienced in the last eight months.

We often see an increase in the amount of new listings coming onto the market this time of the year with the holiday season behind us.

With current market characteristics in mind, careful analysis of pricing strategy should be a top priority for most sellers.

The awareness that the market is beginning to settle a bit is becoming more common, and pricing is as important as ever during these changing market characteristics!

Happy Summertime to all! Are we beginning to see indications of changing market dynamics?

The Marin real estate market remained heated for Q1 2022. While spring blooms and fair weather are abundant, high demand and low supply remain.

The real estate market is very strong. Why is this and what does the future look like?