Compass agents gathered in Charleston SC for our annual conference. A strategic marketing plan for an extraordinary single-level mid-century home in Tam Valley resulted in the property being on the market for only 11 days and at a record price.

Schools are one of the main reasons people move to Marin. Check out the ultimate guide to Marin County schools. Many events took place across Marin in October that saw famous authors and National Champions attend. The October real estate market is showing conditions that favor buyers.

Our colleagues from all over the country gathered in Tahoe to connect, share the latest market trends, and learn from one another. What does this mean for you? If you ever need a Realtor in a specific US location, just let me know! I'll be happy to introduce you to a top agent in that market.

The impacts of the National Association of Realtors' (NAR's) $418 million lawsuit and proposal settlement take effect on Aug. 17, with some regions adapting the changes sooner, including here in Marin on Aug 12. The big takeaways:

Considerable changes are about to take place in the real estate industry due to a $418 million lawsuit against the National Association of Realtors (NAR) and proposal settlement. Below are the important details of the changes and some of my thoughts:

This summer brings more than just the usual market ebb and flow. The proposed National Association of Realtors (NAR) settlement agreement is set to go live on August 17th, introducing a wave of uncertainty and new changes.

The real estate market followed its traditional seasonal trend with a spike in listings and sold properties in March, April and May. That said, new listings outpaced sold listings in May, with active single family residence listings going from 208 to 337 from the end of the first week to the end of the final week.

Home prices, sales volume, and overbidding is the name of the game right now as spring takes hold.

Yet home price reductions are rising...

What's going on?

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.