April in Marin: Will it Be Go Time for the Market?

April kicked off where March left off in the weather department. Rain. It’s been a wet late winter here, which tends to put a damper on home buying, though we’ve yet to see any noticeable slow down or pullback. Open houses are still busy for new listings in all price ranges, with one exception. We tend to see buyer traffic drop off considerably after just 2-3 weeks. We believe that to be a sign that buyers are well-informed and updated on what the existing inventory is. They’ve learned (possibly the hard way) that they have to jump on any new homes that hit the market. So jump, they do.

My last two listings saw healthy visitor turnout their first three days, with showings beginning within one hour of going on MLS for one of them. We had two showings the next morning, and another half a dozen over the next 24 hours, with one offer coming in fairly quickly. It’s much too soon to tell if this is the norm or a one off, but from what I’m hearing from my fellow agents, they’re seeing the same thing.

The good news for buyers is that April typically kicks off the selling season here. All agents have some kind of list of people wanting (or needing) to buy, some of whom have been looking for 1-2 years. Hopefully, the sellers cooperate and start to put their homes on the market. But as of now, we only have a total of 274 homes Active and on the market in all of Marin. Everyone would like to see more, so let’s hope for that.

Thanks for reading and as always, let me know of any questions.

Ted

415.377.5222 text or call

ted@gomarin.com

Filed under: Marin Real Estate Blog by Ted Strodder