No Likely Swoon in June as Marin Home Sales Continue

June is here. Finally. The weather has finally warmed up, the kids are finally out of school and Marin home prices have finally–sorry. I have no idea and don’t know what they’ll do. What happens with prices is a complete unknown, even to those of us who’ve been doing it for well over thirty years. Given how it’s gone for April and May, we could very well see more of the same frenetic home sales with anxious buyers snapping up what little inventory we have. But there’s a lot of economic uncertainty out there to come, so again, who knows. All I do know is that our youngest is heading off to college in August without a care in the world. He’s aware of what I do for a living, but that’s about it. No real concern about supply and demand, mortgage rates or debt ceilings. Ah to be young again.   

Now if he were  to ask me about any of those market components, I would be thrilled, of course. But all I could tell him is where we are today, not really where we might be in the near or distant future. Of course I have to believe that people will always place a high importance on a nice safe place to live. So the chances of our home prices continuing up (albeit slowly) is highly likely. But only time will tell.

Meantime, our inventory remains at record lows, as it does in many of the zero (or low) growth areas. Many sellers are choosing to stay put and wait out that same uncertainty I mentioned earlier. Summer is a new sales month though, so again, we’ll see. 

That’s it for now. Until next time, enjoy June 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