The Marin Market: Will it be More of the Same, or a December to Remember?

December is here in Marin. Cooler temperatures are in the air, but not so in the housing market. Nobody knows why, but for some reason, our normally slow November was anything but. New listings and old were snapped up, often with multiple offers, at least on those that had what today’s buyer looks for in terms of price and presentation. “Done” homes continue to outsell fixers of any kind, but even those needing work flew off the shelves. This likely signals what we all suspect–that the market has seen the bottom, over the summer, probably, with steady upside to come. I’m not the only one who feels this way. Plenty has been written about it. Those are just my synergistic comments from the trenches and what many of us suspect or envision. As always though, what happens next is anybody’s guess. We won’t know when the market has hit bottom until we can look back a solid six months.

Going forward, I can tell you there is a lot of optimism. Many buyers are getting ready to buy, with an equal number of sellers appearing ready to sell. Business breeds business, as they say, and once the bulk buying starts again, it should be off to the races. We’ll see.

Meantime, stay safe wherever you are and enjoy this holiday month.

Ted

415.377.5222

ted@gomarin.com

Filed under: Marin Real Estate Blog by Ted Strodder