October 2019 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,617,840
+11.7%
Pending Properties209
+11.8%
Sale/List Price Ratio101.4%
+0.5%
Days of Inventory90
+30.4%
Trends at a Glance
| Trends At a Glance |
Sep 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$1,350,000 (+11.3%) |
$1,212,500 |
$1,395,000 (-3.2%) |
| Average Price |
$1,617,840 (+11.7%) |
$1,448,450 |
$1,722,970 (-6.1%) |
| No. of Sales |
150 (-12.8%) |
172 |
161 (-6.8%) |
| Pending |
209 (+11.8%) |
187 |
124 (+68.5%) |
| Active |
467 (+17.6%) |
397 |
501 (-6.8%) |
| Sale vs. List Price |
101.4% (+0.5%) |
100.9% |
101.2% (+0.2%) |
| Days on Market |
52 (+6.5%) |
49 |
49 (+6.9%) |
| Days of Inventory |
90 (+30.4%) |
69 |
90 (0.0%) |
Market Commentary
While sales prices of single-family, re-sale homes in Marin County were up substantially from August, they were still down year-over-year for the eleventh month in a row.
The median sales price gained 11.3% in September compared to August. Year-over-year, it was down 3.2%. The average sales price rose 11.7% from August, but, it was down year-over-year by 6.1%.
The sales price to list price ratio stayed over 100%: 101.4%..
Sales of single-family, re-sale homes in Marin County fell 12.8% from August, and, they were down 6.8% year-over-year. Year-to-date, home sales are up 1.2%.
In September, there were 209 single-family, re-sale homes pending. The average since January 2007 is 97!
Inventory was down 6.8% year-over-year. As of October 5th, there were 467 homes for sale. We average 632.
Days of inventory was 90. 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 52 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 0.7%, year-over-year. The average price was down 3.2%.
Condo sales were up 4.8% year-over-year. There were 44 condos sold last month. Year-to-date, condo sales are up 0.7%.
Condos are selling in 70 days. The average is 83 days.
The sales price to list price ratio for condos was 100.5%.
Condo inventory was down 2.5% from last September. 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.