I get asked this question numerous times a day, but it is a tough one to answer. What information are you really looking for? Do you want number for all of Marin, or just Southern Marin? Mill Valley single family homes or Kentfield too?
For all Marin County single family homes, overall supply and demand are down compared to November 2006. The number of homes going under contract and closing escrow are down almost 25% countywide. While November is normally a slow month, this November has been particularly slow.
The MSI (Months Supply of Inventory) is up to 4.7 compared to 3.9 in November 2006. This number is still very low compared to the majority of the country. (Click on the chart to expand it)
What’s next? I anticipate a slow December with a sharp increase in activity in the early part of next year.
Stay tuned for Marin County city specific real estate updates.