May 2019 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,671,630
+9.6%
Pending Properties150
-23.9%
Sale/List Price Ratio102.1%
+0.7%
Trends at a Glance
| Trends At a Glance |
Apr 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$1,275,000 (-1.2%) |
$1,290,000 |
$1,400,000 (-8.9%) |
| Average Price |
$1,671,630 (+9.6%) |
$1,525,420 |
$1,748,970 (-4.4%) |
| No. of Sales |
195 (+53.5%) |
127 |
189 (+3.2%) |
| Pending |
150 (-23.9%) |
197 |
113 (+32.7%) |
| Active |
516 (+46.2%) |
353 |
413 (+24.9%) |
| Sale vs. List Price |
102.1% (+0.7%) |
101.3% |
104.6% (-2.4%) |
| Days on Market |
48 (-13.9%) |
55 |
36 (+31.7%) |
| Days of Inventory |
77 (-8.0%) |
83 |
63 (+21.1%) |
Market Commentary
Sales of single-family, re-sale homes in Marin County were up year-over-year for the third month in a row. Home sales were up 3.2%. There were 195 homes sold last month.
Inventory was up 24.9% from last year. As of the 15th of May, there were 516 homes for sale. The average since January 2007 is 650.
Days of inventory was 77. 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.
Sales prices of single-family, re-sale homes were down, year-over-year, for the sixth month in a row. The median sales price dropped 8.9% and the average sales price fell 4.4%.
The sales price to list price ratio stayed over 100%: 102.1%. That’s the highest it has been since July 2018.
Homes sold in an average of 48 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 8.8%, year-over-year. The average price was down 10.8%.
Condo sales were up 16.3% year-over-year.
Condos are selling in 48 days, compared to the average of 83 days.
The sales price to list price ratio for condos was 100.3%.
Condo inventory was up 8.8% from last April. There are 111 condos for sale.
If you would like to know what’s going on in your neighborhood, lick 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.