Market Trends Report for Marin County

Marin County Rick Campbell April 11, 2023

Trends At-a-Glance for Marin County
Trends At a Glance	Mar 2023	Previous Month	Year-over-Year
Median Price	$1,433,000 (-4.1%)	$1,495,000	$1,672,500 (-14.3%)
Average Price	$1,822,680 (+1.0%)	$1,805,200	$1,903,890 (-4.3%)
No. of Sales	110 (+42.9%)	77	158 (-30.4%)
Pending	543 (+8.6%)	500	313 (+73.5%)
Active	225 (+16.6%)	193	180 (+25.0%)
Sale vs. List Price	102.3 (+2.7%)	99.6	115.7 (-11.6%)
Days on Market	41 (-13.4%)	47	24 (+72.4%)
Days of Inventory	61 (-9.3%)	68	34 (+79.5%)

Market Barometer

Prices and Sales

Days of Inventory

Sales Year-to-Date

Sale Price/List Price Ratio

Market Overview

Home Sales Prices and Sales Continue to Fall

The median sales price for single-family, re-sale homes dropped 14.3% year-over-year.

The average sales price dropped 4.3% from last March.

The sales price to list price ratio rose from 99.6% to 102.3%.

Sales of single-family, re-sale homes were down 30.4% year-over-year. There were 110 homes sold in March. The average since 1998 is 185.

As of April 5th, there were 543 single-family, re-sale homes pending. The average since January 2007 is 102.

Inventory was up 25% year-over-year. As of April 5th, there were 225 homes for sale. We average 632.

Days of inventory fell to sixty-one from sixty-eight. 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 it by the number of homes sold in a given time frame. We use last month’s sold number.

Homes sold in an average of 41 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 rose 1.2%, year-over-year. The average price was up 8.1%.

Condo sales were down 17.6% year-over-year. There were twenty-eight condos sold last month.

Condos are selling in 68 days. The average is 83 days.

The sales price to list price ratio for condos was 104.1%.

Condo inventory was up 15.1% year-over-year. There are 99 condos for sale.