August 2021: Marin County Real Estate Market Update
JULY 2021 VS. JULY 2020
$1.8M
MEDIAN SALES PRICE UP 18% ▲
$867
MEDIAN PRICE/SQFT UP 22% ▲
15
AVG. DAYS ON MARKET DOWN 40% ▼
251
PROPERTIES SOLD IN JULY DOWN 18% ▼
For the first time since the pandemic began in March 2020, the Marin County real estate market experienced it’s typical seasonal summer-slowdown after a fast paced Spring selling season. The number of single-family homes sold is down since July 2020 when the shelter-in-place demand exploded in June 2020 for Marin. With inventory down, the median sales price continues to rise and has reached a new record high of $1.810M for the county. Buyers are continuing to exit San Francisco with anticipated in-office dates extending to next year for large tech companies, resulting in fewer concerns on commutability to the city and access to the outdoors becoming more desirable. The demand has pushed the median price per square foot to $867; up 22% from this time last year. Mortgage rates are starting to slowly rise but still remain relatively low and are expected to continue into next year.
Own Marin Sales July 2021
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