May 2023 Marin County Real Estate Market Report

May 2023 Marin County Real Estate Market Report

  • Marks Realty Group

Marin County's housing market is flourishing, aligning with the upward trajectory of the Bay Area. Buyers, undeterred by lower mortgage applications, are confidently navigating higher interest rates and forging ahead with their purchases. Open houses are buzzing with activity, as homes quickly find their new owners amidst multiple offers. Median prices have shown growth in 2023, steadily catching up to last year's peak.

While sales activity may trail behind the previous year, luxury home sales take their leisurely stroll through the market. With fewer new listings sprouting, the pressure on prices creates opportunities for savvy buyers with a keen eye.

Amidst the uncertainties, the 2023 market shows positive growth and resilience. Though the median sales price experienced a slight dip in April 2023, it's already bouncing back, painting a promising picture for the future.

Keep an eye on the market's evolution and the sustainability of demand and price increases as the spring season unfolds. Marin County's dynamic market awaits, ready to offer a bouquet of opportunities to those seeking their dream homes.


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