Initial November Marin home sales numbers are in. As expected, median home prices in Marin County have dropped. As of now, the median price for single family homes in Marin dropped to $805,375. (The numbers may change slightly as last minute sales are reported.) In November of last year, the Marin median home price was $1,000,000. The number of units sold was down over 41%, a dramatic drop off in sale activity.
Clearly the election and the volatility in the financial markets has had a significant impact on the Marin real estate market. Buyers who have jobs or cash are sitting pretty right now. Great interest rates, motivated sellers, and low home prices make it a great time to purchase for those who are able.
Data is pulled from BAREIS Multiple Listing Service.