Marin: Marin 2026 Market Stats

Housing Market Report

August marked a broad seasonal cooling across the Bay Area. Closings declined year over year in 13 of 14 counties and month over month in 12, while months of supply increased from July in 13 counties. The shift reflects the typical late-summer slowdown as the market transitions from the spring/summer peak toward the fall market peak.

Competition remained stronger than a year ago. The share of sales closing above list increased year over year in all 14 counties, while average days on market improved in 11. Price reductions increased in 10 counties, consistent with the seasonal rise in listing adjustments as the market moves toward fall and winter.

Single-family homes continued to show stronger market conditions than condos. Single-family closings fell year over year in nine counties but increased in five, and days on market declined in 13. The share of sales closing above list increased across every county. By contrast, condo price reductions increased in 12 counties, while condo days on market rose in six - signaling a more uneven recovery.

Condo momentum appears to be moderating after a strong summer. The condo median increased year over year in six counties and declined in eight, while the share of condos selling above list rose in only eight. August is the first month of data following new condo lending regulations, so it is too early to determine whether the slowdown reflects the regulations or the normal late-summer seasonal pattern.

San Francisco remains the regional standout. Condo sales increased 11% year over year to 214, the condo median rose 22% to $1.23 million, and active condo listings fell 36%. San Francisco was the only county where condos showed both meaningful price and closed transaction growth.

September watch: The strongest appreciation outside San Francisco was concentrated north of the city, with Marin posting the region's second-highest year-over-year gain. Condo sales and pricing will be closely watched to determine whether August's slowdown is temporary or the beginning of a broader shift. The performance of smaller versus larger condo buildings will also be important, particularly as the impact of the new lending regulations becomes clearer. Atherton's nearly $10 million increase in its median price, driven by a few high-value sales, will be another notable test of whether recent gains will be sustained.

Marin Market Recap

Key Market Highlights

Sales: Marin was the strongest county for sales growth. Single-family closings rose 20% YoY to 153, while condo closings surged 54% to 43.

Prices: The single-family median increased 12% to $1.72M, with price per square foot up 8% to $861. The condo median was essentially flat at $716,625, while condo price per square foot fell 16%.

Competition: Single-family overbidding increased 11 points to 42%, while condo overbidding fell 10 points to 19%.

Single-family: Active listings fell 20% to 317 despite an 18% increase in new listings. Absorption improved 12 points to

Supply: Single-family months of supply fell from 3.1 to 2.1, while days on market declined from 42 to 33.

Condos: Condo actives were flat at 113 and months of supply improved from 4.0 to 2.6, but price reductions increased from 12 to 28 and the reduction rate rose to 43%.

MoM: New single-family listings jumped 58% to 235, active listings rose 16%, and closings fell 24%. Months of supply increased from 1.4 to 2.1.

Bottom line: Marin's single-family market remains strong, supported by higher prices, stronger competition, and improved absorption, although the sharp August increase in new listings suggests some easing from July. Condo conditions are more mixed.