The trend of low inventory and plenty of demand has continued into the new year, with the months supply of homes (based on pended sales) at its lowest level in Marin County since 2006. Basically, there are not a lot of homes coming on the market but there are a plenty of active buyers out there looking. Here’s a look over the last five years:
And here’s a closer look at the downward trend since the peak in 2009:
This trend combined with the amazing weather has made this a good time to bring a listing on in Marin, as we’ve been seeing well-priced homes in popular areas getting multiple offers in many cases. On the flipside this atmosphere can be frustrating for buyers, but we’ll see more inventory heading into Spring.
If you’d like market stats for your particular town or price range just drop me an email at email@example.com.