Marin County Housing Market Update April 2023
In this brief market update, Austin Klar reports that Marin County’s single‑family home market is outperforming nearby San Francisco and appears resilient despite recent bank failures and tech layoffs. After a sharp slowdown last winter, median home prices have risen for the fourth consecutive month, reaching just under $1.8 million – the highest level since June of the previous year. Homes are selling for about 102 % of the asking price and spend an average of only 24 days on the market, a dramatic acceleration from the multi‑month sales cycles seen in winter. The month‑supply of inventory stands at 1.4 months, meaning that without new listings the existing stock would be absorbed in less than six weeks. Klar concludes that demand remains very strong, keeping upward pressure on prices, and invites viewers to follow him for future updates or request more detailed information.
