What’s happening in Mill Valley real estate? A substantial decrease in supply of homes for sale as compared to November 2006. The number of Mill Valley homes for sale decreased almost 30%, while the number of Mill Valley homes under contract decreased 27% and the number of homes closing escrow decreased almost 18%.
The Months Supply of Inventory (MSI) improved slightly over last November. Mill Valley’s MSI was 3.6- indicating a pretty healthy market. The median price for Mill Valley single family homes in November 2007 was $1,225,000.
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