Southern/Central Marin County Real Estate Report March 2018

As of the end of February, there were fewer total home, condo and townhome sales in Southern & Central Marin in the first two months of 2018 than in the previous two years. And while it’s impossible to say exactly what is causing the low number of sales, it is possible that buyer fatigue following six straight years of rising prices, interest rates jumps, and stock market volatility may all be contributing.

Single Family Homes:
The three-month rolling average median sales price of $1,477,667 is up 16% over last year.

Year-to-date, new listings are down 11% while sales are up 4.3%.

February’s inventory of 3.1 months is 11% higher than in 2017.

The median percent of list price received was 100% in February, the same as last February.

Condo/Townhomes:
The three-month rolling average median sales price of $660,000 is up 1.0% over last year’s.

Year-to-date, new listings are down 12% while sales are up 2.7%.

February’s inventory of 2.1 months is 23% lower than in 2017.

The median percent of list price received was 100% in February, compared to 102% last year.