I was reviewing sales statistics in Mill Valley and pulled these two charts. The first chart is not anything surprising, the average days on the market of a Mill Valley home listing has been increasing while the median price of a Mill Valley home has been declining.
I then pulled the chart below which shows the number of new listings versus the median home price for Mill Valley. Median Mill Valley home prices have been declining with the number of new listings.
As new late winter/early spring listings start to come on, the question is whether the median Mill Valley home price will see some recovery OR if home prices will continue to fall.
