Market Report | April 2009

Last month home sales in Marin grew for the second straight month, median price up a healthy 11%. In March home prices jumped 12%, and it appears the market may be stabilizing.

Sales volume is up, and the number of homes in contract now stands at 26%, +3% from last month. *Less than 25% is a buyer’s market, 25%-40% is neutral and 40% or more is a seller’s market.

That said, prices continued their fall from the great show last year. The median price of a single-family home in Marin was $800,000, down 21% from $1,020,000 last year, and 107 homes were sold - down from the 147 homes in April 2008. In March, the median home price in Marin was $720,910 and 89 homes were sold.