Regarding the market performance for this past September, Marin continues to boast strong numbers with both value up by 10.7% and units up by 16.6%. Our median price point in Marin is currently up to $1,286,000 vs. $1,191,500 this same time last year, but down from the recent market high of $1,325,000 back in April. Unit sales are up from last year with 173 homes sold in September, but that's down from the year-to-date high of 243 sales in June (showing strong closing activity from April/May sales).
We believe this is a good time for sellers to consider putting their Marin homes on the market. Interest rates will, no doubt, continue to rise, and when they do, prices will stabilize and inventory will rise (a less opportune time to sell). We still have a lot of pent up buyer demand that is ready and waiting for the perfect Marin home.