Market Updates

Marin County Third Quarter Market Report

October 22, 2018

Marin Q3 - 2018

Trends from the height of the real estate recovery in 2013 to now are dramatic: new sales are down 18%, new listings are down 32%, and the average sales price is up 32%. So, with the inventories dropping nearly twice as fast as sales, prices have continued to soar. The year-over-year trends seem to show the red-hot price increases cooling off: solds are down by 1.6%, new listings are down by 6.6%, and the average sales price is up slightly by 1.1%. So, with inventories dropping more than four times faster than sales, average sales prices just inched up slightly. This is a good indication that we are in for a soft landing rather than a bubble burst such as that of 2007.

No Comments

    Leave a Reply