Market Report | March 2009

Last month home sales in Marin saw a nice jump from February, median price up 12%, but continued their overall slide downward from last year's stellar performance.

The median price of a single-family home in Marin was $720,910, down 20% from $905,000 last year, and 89 homes were sold - down from the 105 homes in March 2008. In February, the median home price in Marin was $644,500 and 62 homes were sold.

The bulk of March’s decline was from the sale of distressed property in Novato and San Rafael, which have been hit particularly hard by the downturn in the housing market. The median price is down 23% and 21% from a year ago, respectively.