Marin Market Rocks Into October After Rate Cuts

Marin homebuyers came out in force last month, most likely fueled by two things: the lowest mortgage rates in two years, along with the desire to close escrow and unpack by Thanksgiving or Christmas at the latest. We’ve seen close to 150 properties go into contract recently, in all price ranges and with all types of homes. From mobile homes to mansions, we witnessed good strength and depth throughout the twelve towns of Marin. This could very well be an indication that the softness of the last eighteen months is behind us, but we won’t know for sure until we are 3-6 months passed it.  

Inventory has also seen a solid uptick, with well over 300 homes for buyers to choose from. If you’re a regular reader of this blog, you’ll recall when that number dropped to only 99 at one point, the lowest any of us can recall. For now, the sentiment amongst my colleagues is that we should see a very healthy spring market. If you’re a buyer, you may want to consider stepping in and stepping up sooner rather than later. If you’re a seller, continue working on any fix up projects, allowing any future lucky occupant of your home to be able to move right in. 

In the meantime, stay happy and healthy. Keep your attitude optimistic. My 96 year old Dad sure does. The heart of a lion, that guy, thankful for what he has, not what he doesn’t. Enjoy this gorgeous fall, wherever you are, along with all of 2024. Stay safe and as always, thanks for reading.

Ted

415.377.5222

ted@gomarin.com

Filed under: Marin Real Estate Blog by Ted Strodder