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Marin County October 2023 Real Estate Report

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Marin County October 2023 Real Estate Report

How is the Marin real estate market doing? The Q3 median house sales price was down about 8.5% from Q3 2022, but we expect the year-over-year price decline to disappear in coming months. The supply of listings for sale just hit a YTD high-giving buyers more purchase options – though still below this time last year. Year over year, the number of home sales in Q3 was down about 17%, mostly due to the low supply of homes available for purchase, though also affected by the 7%+ interest rates. Luxury home sales have dropped from spring peaks, as is a common seasonal trend.