April 2023 Report Single Family Homes in Marin County

Market Overview

Sales Prices and Sales Continue to Fall

The median sales price for single-family, re-sale homes dropped 14.5% year-over-year.

The average sales price dropped 17.4% from last March.

The sales price to list price ratio rose from 102.3% to 104.8%.

Sales of single-family, re-sale homes were down 26.1% year-over-year. There were 138 homes sold in April. The average since 1998 is 185.

As of May 5th, there were 569 single-family, re-sale homes pending. The average since January 2007 is 102.

Inventory was up 35.8% year-over-year. As of May 5th, there were 273 homes for sale. We average 632.

Days of inventory fell to fifty-seven from sixty-one. 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 are sold in an average of 26 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 15.4%, year-over-year. The average price was down 12%.