“Marin Market Springs Into Action”

May is here in Marin with the housing market shining like the noonday sun. Buyers came out of hibernation on April 1st, putting 129 homes into contract while closing another 147 in all price ranges over the last month. This includes those in the higher end, above $5 mil. With 282 homes still for sale, that’s a market still favoring sellers, with 45% of the homes being in escrow. That’s where we’ve been. Where it goes from here, nobody is quite sure. But it would seem that buyers have absorbed the 7.5% interest rates, placing a higher importance on the emotional security of homeownership over the financial strain of the monthly payments. We’ll see how May looks once we hit June.  

In the meantime, stay happy and healthy. Keep your attitude optimistic. Things could always be worse. Be thankful for what you have, not what you don’t. I sure am. I’m still here, after all, into my 38th year of doing a job that I absolutely love. 

Enjoy May, wherever you are, along with all of 2024. Please stay safe and as always, thanks for reading.

Ted

415.377.5222

ted@gomarin.com

Filed under: Marin Real Estate Blog by Ted Strodder