Spring 2025 is here, and the Marin County real estate market is active for both buyers and sellers. Knowing what’s happening in the market can help you make wise choices. Here’s a quick look at what’s shaping things this season.
Home Prices and Sales Activity
Marin County has experienced a modest increase in home values over the past year. As of February 2025, the average home value reached $1,439,455, marking a 1.5% rise from the previous year. Homes are going pending in approximately 29 days, indicating a relatively brisk market.
In terms of sales, February 2025 saw a 20% increase in homes going under contract compared to the same period last year, reflecting renewed buyer confidence. Completed home sales also rose by 19% year-over-year, reinforcing the area's status as a seller's market.
Inventory Levels
The inventory of homes for sale has seen fluctuations. In December 2024, there were 212 homes available, a 40.8% drop from the previous month but an 8.7% increase compared to December 2023. This suggests a somewhat slower December than the prior year. However, by February 2025, only 90 new single-family listings entered the market—a historic low and a 48% decline from last year. This sharp drop in new inventory is intensifying competition among buyers.
Market Forecasts
Looking ahead, experts predict a 2% increase in home prices throughout 2025, making it a favorable market for sellers. Additionally, the market is poised for a strong spring, with potential for near-record median prices and more homes coming onto the market.
Considerations for Buyers and Sellers
- For Sellers: With limited inventory and high demand, homes are moving quickly and often receiving multiple offers. The projected price increase suggests that listing your home this spring could maximize your return.
- For Buyers: The competitive conditions mean that preparation is key. Getting pre-approved for a mortgage, understanding your budget, and working with a knowledgeable agent can provide access to off-market listings and help navigate the fast-paced market.
Spring 2025 presents opportunities and challenges in the Marin County real estate market. Sellers can benefit from favorable conditions, while buyers need to be strategic and well-prepared.
To succeed in this changing market, it’s important to stay informed and work with experienced professionals. If you're considering a move or have questions about the market, I’d be happy to assist you. Feel free to reach out anytime.
