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March 11, 2024

Marin: March 2024 Market Stats

By Compass


The Marin Housing Market Accelerates
Moving into Spring

The factors at play include a rebound in repressed buyer demand, the low inventory of homes for sale, the significant drop in interest rates since autumn, a surge in consumer confidence, financial markets hitting all-time highs, and a growing confidence that the Bay Area is going to be the center of the next big technology boom (Al).

The strengthening of the market is illustrated across a range of indicators included in this report, indicators that will almost certainly continue to improve in the coming months. Spring is typically the most heated selling season of the year.

Overbidding List Prices in Marin County Percentage of Home Sales Closing over List Price, since 2018Average 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 & SeasonalityMarin County Home Price Trends since 1990 Monthly Median House Sales Prices, 3-Month Rolling AverageMarin County: Homes for Sale Active/Coming-Soon Listings*Marin County House Value Trends since 2005 3-Month-Rolling Median Dollar per Square Foot Values*Marin County Condo Price Trends since 2005 3-Month Rolling Median Condo Sales PricesMarin County Homes Market Active & Coming-Soon Listings on 1st of Month**Listings Accepting Offers (Going into Contract) Marin County Market Dynamics & SeasonalityPercentage of Listings Accepting Offers (Going into Contract) Marin County: Absorption Rate by MonthMonthly 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 & SeasonalityMortgage Interest Rates in 2023-2024 30-Year Conforming Fixed-Rate Loans, Weekly Average Readings*

If you have any questions or want to talk more about local market statistics, please don't hesitate to reach out. I'd be happy to grab a coffee or chat via phone. 

Thank you,

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