Real Estate Report presented by Tam Realty

March 2020 Report

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


Median Price
$1,225,000
-2.0%
Average Price
$1,684,480
+3.5%
No. Sold
72
+4.3%
Pending Properties
71
-12.3%
Active
286
+66.3%
Sale/List Price Ratio
99.6%
+1.3%
Days on Market
74
-21.4%
Days of Inventory
111
+48.7%

Market Barometer

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Market Commentary

Home Prices Mixed, Sales Down in February

The median sales price of single-family, re-sale homes in Marin County fell 5.8% year-over-year. It was down 2% from January.

The average sales price rose 12.1% year-over-year, and, it was up 3.5% from January.

The sales price to list price ratio rose to 99.6% from 98.4%.

Sales of single-family, re-sale homes in Marin County rose 4.3% from January, but, they were down 20.6% year-over-year.

As of March 24th, there were 71 single-family, re-sale homes pending. The average since January 2007 is 97.

Inventory was up 10.4% year-over-year. As of March 24th, there were 286 homes for sale. We average 632.

Days of inventory jumped from seventy-five to one hundred and eleven. 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 74 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 14.4%, year-over-year. The average price was up 6.5%.

Condo sales were up 48% year-over-year. There were thirty-seven condos sold last month.

Condos are selling in 51 days. The average is 83 days.

The sales price to list price ratio for condos was 99.7%.

Condo inventory was up 34.2% year-over-year. There are 98 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.

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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