Marin County Quarter Two Overview

July 17, 2017

A nice piece from Pacific Union International Chief Economist Selma Hepp on July 14, 2017.

Marin County homebuyers once again showed signs of renewed enthusiasm in the second quarter, particularly for homes priced above $2 million. Demand has rebounded at the higher end of the market, and the number of homes priced above $3 million sold so far this year has increased by one-third from the same period last year.

With inventory levels relatively unchanged from one year earlier, the median home price grew moderately in the second quarter, and heightened purchase activity left fewer homes available for sale. Bidding wars increased, and more homes sold over asking price than during the same period last year.

 

Graph of Days on Market.