December is here, one of my favorite months in Marin. I just love any holiday, but especially any one that has to do with a lot of food and a lot of family. That’s pretty much any holiday in our house, come to think of it. I don’t know about you, but Thanksgiving has turned into a feast fest of nonstop culinary carb and calorie intake for two full days, maybe even three if Kathryn “accidentally” makes too much for that first big night. Love it. That’s the dining habits in the Strodder household. Now to the real estate market. This is a real estate blog, after all, not that there’s a lot to blog about this month. It’s more of the same, with even less of the same when it comes to available inventory.
The number of single family homes for sale is near an all time low set back in early 2020. Buyers have only 193 to choose from, ranging from a low of $299k on up to $31.5 mil. The average climbed to $3.22 mil along with the median that rose up to $1.975 mil. There’s a bit of artificial non-intelligence in there, however, as many sellers take their homes off the market for the winter, beginning in early November and remaining offline until mid January. Usually, anyway. We’ll see what happens this year, but we’ve already seen fifty sellers pull from the market in the last month, with half a dozen more today alone. Will they return for sale in 2024? That too we’ll have to see. All I can tell any seller is that the buyers are out there, waiting.
Every agent in my network seems to have a list of ready-to-go buyers. They’re preapproved for loans, with only more buying power over the last six weeks as rates have slowly dropped. Again, we’ll have to see what happens in the near term, but once we get through the next six weeks, it’s a whole new year and possibly a whole new ballgame. I for one can’t wait. January will begin my 38th year in real estate here (I started when I was three) and it still gets me going every single day. I love what I do and can’t wait to see what 2024 will bring. Let me know of any questions or how I can help.
Until next time, enjoy December wherever you are and please stay safe. As always, thanks for reading.