July 2019 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,695,070
-0.3%
Pending Properties237
+5.3%
Sale/List Price Ratio101.2%
-1.2%
Trends at a Glance
| Trends At a Glance |
Jun 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$1,325,000 (-3.6%) |
$1,375,000 |
$1,392,500 (-4.8%) |
| Average Price |
$1,695,070 (-0.3%) |
$1,700,760 |
$1,773,440 (-4.4%) |
| No. of Sales |
206 (-5.1%) |
217 |
216 (-4.6%) |
| Pending |
237 (+5.3%) |
225 |
114 (+107.9%) |
| Active |
460 (-8.4%) |
502 |
472 (-2.5%) |
| Sale vs. List Price |
101.2% (-1.2%) |
102.4% |
102.9% (-1.7%) |
| Days on Market |
47 (+16.1%) |
41 |
39 (+20.8%) |
| Days of Inventory |
65 (-6.7%) |
69 |
63 (+2.2%) |
Market Commentary
The median sales price for single-family, re-sale homes in Marin County fell 3.6% in June compared to May. Year-over-year, it was down 4.8%. That’s the eighth month in a row the median price has been lower than the year before. The average sales price fell 0.3% from May, and, it was also down year-over-year for the eighth month in a row, falling 4.4%.
The sales price to list price ratio stayed over 100%: 101.2%..
Sales of single-family, re-sale homes in Marin County fell 4.6%.
In June, there were 237 single-family, re-sale homes pending. That is an astonishing number. The average since January 2007 is 97!
Inventory was down 2.5% year-over-year. As of June 5th, there were 460 homes for sale. We average 632.
Days of inventory was 65. The National Association of REALTORS® considers a balanced market to be 180 days. In Marin County, we have averaged 112 days since 2007.
Days of Inventory is an estimate of the amount of time it would take to sell all the current listings if no new listings became available. It is calculated by taking the number of homes for sale and dividing by the number of homes sold in a given time frame. We use last month’s sold number.
Homes sold in an average of 47 days from coming onto the market to when they go under contract. The average since January 2009 is 76 days.
The median price for condos rose 3.9%, year-over-year. The average price was down 3.8%.
Condo sales were down 24.6% year-over-year. There were 46 condos sold last month.
Condos are selling in 51 days. The average is 83 days.
The sales price to list price ratio for condos was 99.9%.
Condo inventory was up 7.3% from last June. There are 118 condos for sale.
If you would like to know what’s going on in your neighborhood, click on Recent Sales & Listings. That will tell you what is for sale, what has sold and what is pending in a radius around your home.