Real Estate Report presented by Information Designs

August 2021 Report

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


Median Price
$1,525,000
-8.1%
Average Price
$2,027,390
+1.9%
No. Sold
227
-1.7%
Pending Properties
250
-12.3%
Active
249
+7.8%
Sale/List Price Ratio
105.9%
-1.0%
Days on Market
27
-7.6%
Days of Inventory
33
+9.7%

Market Barometer

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Market Commentary

Home Sales Prices Mixed in August

The median sales price for single-family, re-sale homes fell 8.1% from July.  Nevertheless, it was up 1.7%, year-over-year. The average sales price rose 1.9% from July, and it was up 7.3% from last August.

The sales price to list price ratio fell to 105.9% from 107%.

Sales of single-family, re-sale homes were down 1.7% from July. And they were down 5.8% year-over-year. There were 227 homes sold in June. The average since 1998 is 185.

As of September 5th, there were 250 single-family, re-sale homes pending. The average since January 2007 is 102.

Inventory was down 37.8% year-over-year. As of September 5th, there were 249 homes for sale. We average 632.

Days of inventory rose to thirty-three from thirty. 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 27 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 1.4%, year-over-year. The average price was down 15.8%.

Condo sales were down 28.1% year-over-year. There were forty-one condos sold last month.

Condos are selling in 53 days. The average is 83 days.

The sales price to list price ratio for condos was 101.7%.

Condo inventory was down 40.9% year-over-year. There are 88 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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