Autumn markets in counties around the Bay Area have seen significant shifts, but with wide variance in the magnitude of these changes between counties. So far, Marin itself has seen much less dramatic changes than some other local markets such as Santa Clara and Sonoma Counties.
Homes that sell have generally continued to sell quickly, many after receiving multiple offers. Median sales prices are considerably higher on a year-over-year basis, and luxury house sales were higher in October 2018 than in October 2017. However, listing inventory has climbed, the percentage of sales receiving multiple offers has declined, and the numbers of price reductions and expired listings are increasing.
Many standard statistics are lagging indicators and take time to reflect any changes on the ground. They will bear watching in coming months.
