Austin Klar breaks down Marin County's cooling housing market. Demand for single-family homes dipped over the past three months compared to last year, homes are staying on the market longer, and sale prices are softer. It's not a crash, but buyers have more options than they did a year ago.
The Marin County housing market continues to underperform compared to San Francisco, a big shift since the immediate aftermath of the pandemic. Demand for single-family homes in Marin over the past 3 months compared to the same 3 months last year was a little bit lower, although it is up a little bit this past November compared to November of 2023. And that lower demand manifested in longer days on market, homes selling for a lower proportion of list price, and slightly softer pricing over the past 3 months compared to the same 3 months last year. No signs of an impending crash, but there is more opportunity right now for buyers compared to the same time last year because of that lower demand. If you're thinking about relocating and have questions about the market, reach out to me.
