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Ted Strodder


415.377.5222
Golden Gate
Sotheby's International Realty
189 Sir Francis Drake Blvd
Greenbrae CA 94904

Summer is Almost Here, Will June Bring a Swoon to the Hot Housing Market?

It’s June already. Summer is finally here and the kids are out of school in just a couple weeks. Thankfully they were able to go back  and able to experience valuable social interaction, much as we are now able to get back to life as we knew it before things went awry. Hard to believe that was just eighteen months ago and even harder to believe what happened. I don’t know if you reflect on it like I do, but our normal, daily life came to a screeching halt here in Marin back on March 16th, 2020 with the first SIP announcement. What we all thought was going to be brief and perhaps even an over reaction turned into a year long battle with nature, both in and out of the home. The rest is history and you have your own version of that, I’m sure, but the important thing is that most of us made it through and we move forward into what feels like a new world and a new chance to move onward and upward. It’s like we all have a new lease on life and I for one intend to make every day count from here on in. I hope you do too. 

Speaking of onward and upward, this is a real estate blog, so let’s get to that now as onward and upward the housing market still seems to go. You’ve seen all the numbers in your neighborhood, city or state. Nearly all home types and price ranges are up, including on second homes where more people have bought those than they have primary homes for the first time ever. This is easy to explain as many companies are allowing workers to continue to WFH going forward. So folks figure if they can work from home, why not work from the beach, the mountains, the desert, or wherever. Good for them. It’s your one life and work–sadly–makes up more of it than any other activity. So get yourself some relief and find your place in the sun as the Marin boys from Pablo Cruise sang about all those years ago. 

Unfortunately, there’s not been much relief for Marin home buyers these days. Inventory and interest rates both remain at record lows, with home sales setting new highs every day, though June could be a very interesting month. Typically, it’s one of our busiest, but by month-end we will look at the inventory and be able to figure out if sales will continue through July and August, or slow down in those two typically slower months for sales. Last year was the busiest full summer we’ve ever seen here, but that was at the apex of the Pandemic with the kids slated to be home schooled in the following September. Not so this year. The kids are all going back to the classroom when school starts up in the fall. Will parents still want to move over the summer and unpack before mid August? We’ll see, but for now, inventory remains low as most sellers stay put. Any questions, let me know.  

For now, that pretty much does it. Enjoy this June and the rest of this new, banner year wherever you are and please stay safe. As always, thanks for reading.

Ted

415.377.5222

ted@gomarin.com