Marin County Real Estate – March 2021 Report

At the beginning of the new year, it is not unusual for buyers (demand) to jump back in much sooner than sellers (supply), a dynamic which commonly accelerates as spring gets underway. When demand surges while listings lag behind, buyers must increasingly compete, often heatedly, for appealing homes. This imbalance in supply and demand adds considerable pressure to the market, with overbidding and price increases becoming common. This has occurred with a vengeance in early 2021.

This report will look at median home list and sales prices, supply and demand from a variety of angles, the huge surge in luxury home sales, home prices along the Bay Area coast, and the recent jump in interest rates. The charts are meant to be self-explanatory, but your questions are always welcome.

Median House Price up 12%

Active Listings Down 13%

Sales Volume up 45%

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