Marin Market Report: Sales Slowly Improving
It’s actually getting better if you’re trying to sell a house in Marin County right now, despite the national and local press.
We’ve been tracking percent in contract for over three years now, on a bi-monthly basis. Below 25% is a Buyers Market, and we’ve been there since mid-June.
Things bottomed out in mid-September, when percent in contract was 14%.
It’s been climbing slowly and steadily since then, and now sits at 21%. And it’s not just inventory being pulled from the market, either. There were 171 homes in contract 9/15, and as of 11/15 there are 248. It’s unusual for that number to be trending up at this time of year.
Central and Southern Marin real estate are the strongest markets, lead by Corte Madera and Greenbrae. Novato and San Rafael continue to be the weakest, but there have also been good upticks in activity there.
Most interesting is that homes under $!,000,000 represents the strongest segment, where 22% are in contract. That reverses again what has been happening in the first half of the year.
Why now? Asking prices have certainly come down a bit. Interest rates are historically low. There are some great deals out there, and Buyers are figuring that out. And life goes on - people still need to move, as they get married, have babies get new jobs, etc.
As always, contact me for a full report, or if you’d like to know where the hot deals are right now.
