“October in Marin: Buyers and Sellers Appear to be Frozen in the Heat”

Well, it’s October already. The warm weather that begins here in July continues right through this month, with the forecast in the next couple of weeks no exception. That’s the norm, anyway. Not that there’s anything normal about the real estate market here and in much of the country. It reminds me of that classic scene from the movie Young Frankenstein, where Gene Wilder transfers a brain from “Abby Someone” into his monster, beautifully played by Peter Boyle. That’s pretty much what we’ve seen here in the last year: abnormal as it gets.   

Buyers and sellers both appear to be frozen, despite the warm temperatures. The reasons are many and can be found via any Google search, or in your daily feed, providing you spend as much time on real estate links as I do. Whatever the reason, “pent up” seem to be recurrent watch words. Many, many buyers remain on the sidelines, along with an equal number of sellers. Whenever they all decide to jump off and jump into the market, hopefully it’s in an organized fashion and not all at once. I have no idea what would happen, believe me. This is as strange as it gets, believe me. But in a market where value is placed predominantly on supply and demand, let’s just say it would very interesting to watch.

The good news is, people would finally be able to get on with their plans and their lives, which is what the home sales process is all about. It will depend greatly on the economy, mortgage rates, and often the weather that day. As I’ve said many times since I started this blog, we’ll see. 

That’s it for now. Until next time, enjoy October wherever you are and please stay safe. As always, thanks for reading.

Ted

415.377.5222

ted@gomarin.com

Filed under: Marin Real Estate Blog by Ted Strodder