Austin KlarVanguard Properties · Lawyer Turned Real Estate Agent

Marin County's Housing Market is FINALLY Slowing Down

Name: Marin County's Housing Market is FINALLY Slowing Down
Uploaded: 2024-11-29T02:00:15+00:00
Duration: 45 s
Channel: Austin Klar
Description: In this brief market update, Austin Klar highlights that Marin County's real‑estate market is cooling, creating a rare buying window not seen since…

29 Nov 2024 · 1 min

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0:45

In this brief market update, Austin Klar highlights that Marin County's real‑estate market is cooling, creating a rare buying window not seen since before the pandemic. He notes a 20% increase in homes for sale compared to the previous year, a drop to under 50% of listings going under contract (down from over half), a week‑long increase in average time‑on‑market, and a lower sale‑to‑list price ratio. These metrics collectively signal weaker demand relative to supply, resulting in softer prices over the past three months. Klar concludes by inviting viewers to DM their email for more detailed market data.

Chapters

If you've been on the sidelines as a potential buyer in Marin County, you need to start paying attention to what's happening in the market because this winter is shaping up to be one of the best opportunities that we've seen for people buying in Marin since before the pandemic. There are about 20% more homes on the market right now compared to the same time last year. Less than 50% of homes that are available are actually getting into contract compared to over half the same time last year. Homes are taking on average a week longer to sell than the same time last year, and they're selling on average for a smaller proportion of list price than they were at the same time last year. All these different factors show slightly weaker demand in relation to existing supply, and that's the reason why prices have been a little softer over the past 3 months compared to the same 3 months last year. If you want more market data delivered to your inbox, DM me your email address and I'll put you on my email list.