Looking at June 2005-June 2007, the Marin real estate market has fluctuated substantially.
The median sales price has increased $130,750, a 12.70% change. Despite talks about a market crash, home prices in Marin County have continued to rise. What has changed is the length of time properties stay on the market. The average days on the market in June 2005 was 31, as compared to 65 in June 2007. This represents a 111.56% increase in the length of time to sell a Marin single family home.
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Interestingly, what is keeping median prices up is the Marin luxury real estate market (defined in Marin as homes >$1,750,000). Marin County saw a 36% increase in luxury home sales in June 2007 as compared to June 2005.
*all numbers based on transaction reported to BAREIS MLS.