Discover the latest trends and insights from Marin's bustling Q2 2024 real estate market, where rising listings, strong demand, and fluctuating mortgage rates continue to shape the real estate landscape in Marin.

The first quarter of 2024 in Marin County real estate is stimulated with activity and anticipation. With each passing month, the market reveals its resilience, showcasing impressive strides in key metrics for single-family homes. As we analyze the recent trends, it's evident that the market dynamics are evolving, presenting both challenges and opportunities for buyers and sellers alike.

In the tumultuous landscape of the real estate market in 2023, Marin County faced a wave of challenges, from soaring interest rates to market uncertainties and a scarcity of property listings. However, as we delve into the Q4 data, signs of positivity emerge revealing promising trends that signal a potential turnaround for the county’s real estate market.

In Q3 2023, the Marin County median home price fell 11% quarter-over-quarter and 9% year-over-year. As interest rates continue to climb and home insurance becoming more expensive and challenging to obtain, Marin County home prices haven't been able to sustain the rapid price growth experienced in 2021 and 2022. 

Despite facing challenges like higher interest rates, reduced inventory, inflation, economic uncertainty, and high-tech sector layoffs, Marin County real estate has shown noticeable resilience in 2023. Join us as we dive into pricing trends and offer an outlook for this ever-evolving market.

The Marin real estate market has been experiencing some noteworthy shifts in recent months. While the first quarter of 2023 saw a decline in sales compared to the previous year, it is important to consider the broader factors influencing the market.

The real estate market experienced a shift in trends in 2022. The high demand from 2021 persisted through the traditionally slow holiday season and the first half of 2022. However, various factors such as…

The third quarter of 2022 continued to see a slowdown in the market, however, Marin County is proving to be more resilient than other Bay Area counties.

After nearly two years of the hottest real estate market we’ve ever seen, the Marin market is starting to show signs of cooling down.

The Marin County real estate market had a banner year in 2021 with the busiest spring on record, followed by a holiday slowdown. The reason for the slowdown appeared to be a lack of inventory more than a lack of demand. In fact, in 2021, there were more documented residential sales in Marin County than in the past decade. The median sales price for single-family houses increased 16.3 percent as a result of the increased demand.

In the third quarter of 2021, the Marin County market experienced some minor price cooling after what can only be described as the hottest housing market on record.

For the first time since the pandemic began in March 2020, the Marin County market experienced it’s typical seasonal summer-slowdown after a fast paced Spring selling season.

It's hard to believe that we're already in November and buyer demand has yet to show signs of slowing down. September and October are often our busiest Fall months and this year was certainly no different…

It's hard to believe that we're already in November and buyer demand has yet to show signs of slowing down. September and October are often our busiest Fall months and this year was certainly no different…

We've had a profoundly busy Summer as the Marin real estate market continued its pandemic-defying rebound in July, with substantial pricing increases and homes trading at a rapid pace. The median price of a single family home hit $1.5 million last month, a year-over-year increase of nearly 25% since July 2019.

It's no secret that life in San Francisco has changed. Cooped up and concerned about the post-COVID future, we're getting daily inquiries from city renters and owners ready to make the move to the suburbs in search of more space, yards and easier access to the outdoors. However, the low supply of inventory is severely limited to meet the new buyer demand and sellers who choose this moment to list are experiencing record breaking buyer interest and sales prices.

And we’re back! Even though the shelter in place mandate is still underway, the Marin real estate market is bouncing back with over 75+ new listings hitting the market in the past week. Though the Marin April median house price declined a little year over year (after 3 months of increases), too much should not be made of one month’s data – Marin’s monthly median sales price often fluctuates without great meaningfulness. 

While the real estate market has certainly slowed down over the last few weeks with significantly fewer new listings on the market than our typical Spring season, we've been very active helping our clients buy and sell homes during this time. We've represented eight families and couples buying or selling homes since mid-March when shelter in place (SIP) began, three of which have already closed escrow.