Real Estate Report presented by Information Designs

August 2022 Report

Single Family Homes in Marin County, All Cities, All Neighborhoods Change >


Median Price
$1,582,520
-2.8%
Average Price
$1,947,840
-3.8%
No. Sold
177
+7.9%
Pending Properties
418
+8.3%
Active
264
-13.4%
Sale/List Price Ratio
101.2%
-2.9%
Days on Market
31
+43.6%
Days of Inventory
45
-19.8%

Market Barometer

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Market Commentary

Market Continues to Weaken

The median sales price for single-family, re-sale homes fell 2.8% from July. It was up 3.8% year-over-year.

The average sales price fell 3.8% from July, and it was down 3.9% from last August.

The sales price to list price ratio fell from 104.2% to 101.2%.

Sales of single-family, re-sale homes were up 7.9% from July, but they were down 22% year-over-year. There were 177 homes sold in July. The average since 1998 is 185.

As of September 5th, there were 418 single-family, re-sale homes pending. The average since January 2007 is 102.

Inventory was up 6% year-over-year. As of September 5th, there were 264 homes for sale. We average 632.

Days of inventory rose to forty-fivefrom fifty-six. 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 31 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 7.6%, year-over-year. The average price was up 8.1%.

Condo sales were down 17.1% year-over-year. There were thirty-four condos sold last month.

Condos are selling in 41 days. The average is 83 days.

The sales price to list price ratio for condos was 100%.

Condo inventory was up 17% year-over-year. There are 103 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.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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