Feature image for Marin: April 2024 Market Stats

April 12, 2024

Marin: April 2024 Market Stats

By Compass


Q2 May See the Hottest Market

Since the Pandemic Boom

Ever since the beginning of the year, and now moving into the spring selling season, striking shifts in supply and demand have occurred and continued to accelerate, resulting in a dramatic leap in the heat and competitiveness of market conditions. Based on current indicators, and what is being experienced on the ground as new listings arrive on the market, deals are negotiated, and homes go into contract, it appears likely that significant home price increases will begin to show up in Q2 2024.

Macroeconomic Conditions

In the 8 weeks through early April, the weekly average, 30-year conforming-loan interest rate has oscillated between 6.74% and 6.94%: Up from January, but still well down from last fall. In the last month, the S&P 500 & Nasdaq stock market indices continued to hit new all-time highs, with substantial effects on household wealth. After the big jump in December-January, consumer confidence is at its highest point in almost 3 years. Monthly inflation rates have remained stable since October, ranging from 3.1% to 3.3%: Higher than the Fed's 2% goal, but reductions in its benchmark rate later this year are still commonly expected.

Listings Accepting Offers (Going into Contract) Marin County Market Dynamics & SeasonalityPercentage of Listings Accepting Offers (Going into Contract) Marin County: Absorption Rate by MonthMarin County House Price Appreciation.Median House Sales Prices, 2015 - Present, by QuarterMarin County House Values Average Dollar per Square Foot Values, by QuarterMarin County Condo Price Trend by Quarter.Median Condo Sales Prices since 2016Bay Area Median House Values by County Early Spring 2024 Update: By Bedroom/Bath Count*Bay Area Median House Values by County Early Spring 2024 Update: By Bedroom/Bath Count*Bay Area Median Condo & Townhouse Values By Property Type & Bedroom/Bath Count*Overbidding List Prices in Marin County Percentage of Home Sales Closing over List Price, since 2019Average Sales Price to Original List Price Percentage Marin County Over/Under Bidding: Market Dynamics & SeasonalityMedian Days on Market: Speed of Sale Marin County: Market Dynamics & SeasonalityNew Listings Coming on Market Marin County Market Dynamics & SeasonalityMarin County Homes Market Active & Coming-Soon Listings on 1st of Month*Marin County Residential Market Market Dynamics by Price Segment/Property TypeMonthly Sales Volume Marin County Market Dynamics & SeasonalityMarin County Luxury Home Sales by Month Homes Selling for $4 Million+ since 2020Price Reductions on Active Listings Marin County Market Dynamics & SeasonalityMedian Household Income Marin County since 2000*Marin County Population Trends since 2010 U.S. Census Estimates, July 1st to July 1stJuly 1st to July 1stPercent Change in County Population: July 1, 2022, to July 1, 2023

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