September 2019 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,448,450
-5.3%
Pending Properties187
-6.0%
Sale/List Price Ratio100.9%
-0.4%
Days of Inventory69
+14.0%
Trends at a Glance
| Trends At a Glance |
Aug 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$1,212,500 (-3.4%) |
$1,255,000 |
$1,225,000 (-1.0%) |
| Average Price |
$1,448,450 (-5.3%) |
$1,529,660 |
$1,520,120 (-4.7%) |
| No. of Sales |
172 (-13.6%) |
199 |
189 (-9.0%) |
| Pending |
187 (-6.0%) |
199 |
101 (+85.1%) |
| Active |
397 (-1.5%) |
403 |
407 (-2.5%) |
| Sale vs. List Price |
100.9% (-0.4%) |
101.3% |
101.0% (-0.1%) |
| Days on Market |
49 (+6.6%) |
46 |
49 (-0.3%) |
| Days of Inventory |
69 (+14.0%) |
61 |
65 (+7.2%) |
Market Commentary
The median sales price for single-family, re-sale homes in Marin County fell 3.4% in August compared to July. Year-over-year, it was down 1%. That’s the tenth month in a row the median price has been lower than the year before. The average sales price fell 5.3% from July, and, it was also down year-over-year for the tenth month in a row, falling 4.7%.
The sales price to list price ratio stayed over 100%: 101.9%..
Sales of single-family, re-sale homes in Marin County fell 13.6% from July, and, they were down 9% year-over-year. Year-to-date, home sales are up 2.2%.
In August, there were 187 single-family, re-sale homes pending. The average since January 2007 is 97!
Inventory was down 2.5% year-over-year. As of September 5th, there were 397 homes for sale. We average 632.
Days of inventory was 69. 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 49 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 fell 0.9%, year-over-year. The average price was down 0.7%.
Condo sales were up 1.9% year-over-year. There were 55 condos sold last month. Year-to-date, condo sales are up 0.9%.
Condos are selling in 55 days. The average is 83 days.
The sales price to list price ratio for condos was 98.8%.
Condo inventory was up 1.8% from last August. There are 121 condos for sale.
If you would like to know what’s going on in your neighborhood, visit my on-line report and 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.