Marin Real Estate Update May 09
The market in Marin for the month of May for Single Family Homes has seen mostly downward trends. The Marin median sales price decreased from April 09. The median sales price in April 09 was $800,000 and the median sales price in May 09 was $720,000, a 10% decrease. This is the first decrease after a small median sales price increase since March 2008
The month of may 09 compared to May 08 show the following:
The important statistics are below:
|
|
Median Sale Price |
# Sold |
Average DOM |
Under Contract |
New Listings |
|
May 2009 |
720,000 |
147 |
73 |
184 |
360 |
|
May 2008 |
1,113,000 |
169 |
50 |
215 |
377 |
I believe the market will still show signs of sluggishness and volatility in units sold and sales price. I think we will be seeing the median sales price continue to fluctuate without any clear roadmap for improvements for the remainder of the quarter and into the third quarter.
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