The sales price data we have, as of the first week of April, still reflects the market BEFORE the shelter-in-place rules went into effect.
This report will look at the effect of the crisis on supply and demand by reviewing week by week statistics, sales price trends reflecting the market before the crisis, and longer-term trend data to give context to how the market typically performs at this time of year. Needless to say, these trends will determine the current values of homes for sale in Marin County, as well as around the world.
Spring is usually the most active selling season and often sees the highest median sales prices of the calendar year, due to both the level of buyer demand and the seasonal surge in the luxury home market. (A higher percentage of luxury home sales pulls up the overall median sales price.)
We do not know how the crisis will ultimately play out, depending as it does on so many, rapidly changing, socio-economic factors. However, the Marin Report shows us where we are now with some future indicators. For detailed information or questions on the state of the real estate market, contact a Marin County Realtor.
