April 2020 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,634,030
-3.1%
Pending Properties99
+7.6%
Sale/List Price Ratio99.7%
-1.9%
Days of Inventory123
+115.5%
Trends at a Glance
| Trends At a Glance |
Apr 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$1,275,000 (-4.5%) |
$1,335,000 |
$1,277,500 (-0.2%) |
| Average Price |
$1,634,030 (-3.1%) |
$1,687,010 |
$1,673,010 (-2.3%) |
| No. of Sales |
65 (-38.1%) |
105 |
194 (-66.5%) |
| Pending |
99 (+7.6%) |
92 |
100 (-1.0%) |
| Active |
276 (+38.0%) |
200 |
410 (-32.7%) |
| Sale vs. List Price |
99.7% (-1.9%) |
101.6% |
102.1% (-2.4%) |
| Days on Market |
49 (+17.5%) |
42 |
48 (+2.4%) |
| Days of Inventory |
123 (+115.5%) |
57 |
61 (+100.9%) |
Market Commentary
Sales of single-family, re-sale homes tanked in April compared to last year. I think we all expected this amidst the Covid-19 pandemic. Home sales were down 66.7%. There were 65 homes sold in Marin County last month. The average since 1998 is 185.
We expect home sales to continue dropping for the next two months.
The median sales price of single-family, re-sale homes in Marin County was flat year-over-year. It was down 4.5% from March.
The average sales price fell 2.2% year-over-year, and, it was down 3.1% from March.
The sales price to list price ratio fell to 99.7% from 101.6%.
As of May 5th, there were 99 single-family, re-sale homes pending. The average since January 2007 is 97.
Inventory was down 46.5% year-over-year. As of May 5th, there were 276 homes for sale. We average 632.
Days of inventory rose from fifty-seven to one-hundred and twenty-three. 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 0.4%, year-over-year. The average price was up 12.6%.
Condo sales were down 57.9% year-over-year. There were twenty-four condos sold last month.
Condos are selling in 48 days. The average is 83 days.
The sales price to list price ratio for condos was 99.9%.
Condo inventory was down 27.9% year-over-year. There are 80 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.