“Spring Has Sprung: Now What?”

April arrived in typical spring fashion here in Marin. The sun was shining, birds were chirping and flowers had started to bloom. But it wouldn’t last. A small storm brought a few more rain drops, but that too would be brief. Makes you wonder if Mother Nature and her good buddy Mother Housing Market are telling us something. Like, don’t get too comfortable with anything. Forecasts can change. And “change” is what it’s all about right now. 

If you’re one of the three people who read this newsletter each month, you’ll recall my prediction exactly a month ago, on March 1st:

“We’re now up to 160 homes for sale. My guess is that hits 200 in a few weeks…as the weather warms up, so will the market and so will the amount of homes for sale. Good news for anyone wanting to move out, move up, move down or just move on.” 

In a rare glimpse of lucky brilliance, I appear to be right, at least on this one. We have exactly 201 homes for sale, as of today. Besides more listings adding to our inventory, we’ve also seen more sales. It’s too soon to call it a healthy rebound, but given the time of year, that could very well be the case. Marin residents love to buy or sell in late spring, then move in the summer. From what I’m seeing with multiple offers out there on select properties, the buyers certainly seem to be making a return into the buying pool. We’ll see, but as of now, there still aren’t enough properties to go around, at least those that are well priced and in desirable locations. Stay tuned to see where this goes, but I’m one of many agents predicting a very healthy spring market. 

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 April, 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