Marin County has more homes for sale, but buyer demand is rising faster. Monthly supply is shrinking and absorption rates are accelerating, keeping prices climbing even as mortgage rates exceed 7%.
Inventory is rising in Marin County, providing buyers in theory more choice and more optionality, which is a good thing, except one problem. Demand is rising along with it, creating less effective choice than buyers previously had. Monthly supply is shrinking, absorption rates are rising, and that's keeping upward pressure on home prices even in the face of interest rates above 7%. I made an entire video about what happened in Q1 of 2024 in the Marin County housing market specifically for single-family homes and how it compares to Q1 of 2023 and what you can expect going forward given these trends. Go check it out on my YouTube channel. You can DM me for the link, and let me know if you have any questions or thoughts in the comments.
