{"id":53903,"date":"2025-01-28T19:53:32","date_gmt":"2025-01-28T19:53:32","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/marin-county-real-estate-market-report-january-2025\/"},"modified":"2025-01-28T19:53:32","modified_gmt":"2025-01-28T19:53:32","slug":"marin-county-real-estate-market-report-january-2025","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=53903","title":{"rendered":"Marin County Real Estate Market Report January 2025"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div itemprop=\"text\">\n<p><span style=\"font-weight: 400;\">Happy new year! Thank you all for your continued support of my business and I am so happy to have worked with so many of you in 2024. As we reflect on last month, we saw the median sold price decline 3% to 1.3 million while the number of homes for sale was up 9%.\u00a0 The holiday season typically brings a slowdown, and this year was no exception, with inventory, sales, and prices all reflecting normal seasonal patterns.<\/span><\/p>\n<h4><b>Median Sold Prices<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Median Sold Price:<\/b><span style=\"font-weight: 400;\"> $1,300,000, a 3% decline compared to December 2023.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prices also fell 6.5% compared to November 2024, aligning with the seasonal cooling of the market.<\/span><\/li>\n<\/ul>\n<h4><b>Inventory Levels<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Homes For Sale:<\/b><span style=\"font-weight: 400;\"> Inventory stood at 212 homes in December, a notable 40.8% drop from the previous month. However, compared to December 2023, inventory grew by 8.7%, signaling a somewhat slower December than the prior year.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Months of Inventory:<\/b><span style=\"font-weight: 400;\"> Based on closed sales, inventory dropped to 1.4 months, down 33.4% from November 2024 and 6.7% from December 2023, emphasizing the persistent demand.<\/span><\/li>\n<\/ul>\n<h4><b>Sales Activity<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Number of Homes Sold:<\/b><span style=\"font-weight: 400;\"> 150 homes closed escrow in December, a 12.3% decline from November 2024. However, year-over-year sales increased by 14.5%.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Days on Market (DOM):<\/b><span style=\"font-weight: 400;\"> Homes took an average of 52 days to sell, significantly higher than the 36 days recorded in December 2023, reflecting a slower market pace.<\/span><\/li>\n<\/ul>\n<h4 style=\"text-align: center;\"><b>Interest Rates and Their Impact<\/b><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-thumbnail wp-image-20456\" src=\"https:\/\/www.thomashenthorne.com\/wp-content\/uploads\/2025\/01\/Mortgage-rates-chart-2024-600x315.png\" alt=\"Mortgage rates chart 2024\" width=\"600\" height=\"315\" srcset=\"https:\/\/www.thomashenthorne.com\/wp-content\/uploads\/2025\/01\/Mortgage-rates-chart-2024-600x315.png 600w, https:\/\/www.thomashenthorne.com\/wp-content\/uploads\/2025\/01\/Mortgage-rates-chart-2024-300x158.png 300w, https:\/\/www.thomashenthorne.com\/wp-content\/uploads\/2025\/01\/Mortgage-rates-chart-2024-1030x541.png 1030w, https:\/\/www.thomashenthorne.com\/wp-content\/uploads\/2025\/01\/Mortgage-rates-chart-2024-705x370.png 705w, https:\/\/www.thomashenthorne.com\/wp-content\/uploads\/2025\/01\/Mortgage-rates-chart-2024.png 1200w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\"\/><\/p>\n<p><span style=\"font-weight: 400;\">Interest rates remained elevated, hovering around 7%, continuing to challenge affordability for many buyers. This has caused some potential buyers to stay on the sidelines, while others took advantage of price adjustments to enter the market. Sellers are also adapting, with more realistic pricing strategies evident in the market.<\/span><\/p>\n<h2 style=\"text-align: center;\"><b>Market Forecast for 2025<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Looking ahead, we anticipate the Marin County real estate market will stabilize in the first half of 2025. Key trends to watch include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest Rates:<\/b><span style=\"font-weight: 400;\"> Should rates begin to ease later in the year, we could see a resurgence in buyer activity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Inventory Growth:<\/b><span style=\"font-weight: 400;\"> A modest increase in inventory is expected as sellers respond to improving market conditions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Price Trends:<\/b><span style=\"font-weight: 400;\"> Prices are likely to remain relatively flat in the first quarter but could gain momentum in the second half of the year if economic conditions improve.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: center;\"><b>Opportunities in the Current Market<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">For buyers, the current market offers opportunities to secure properties at more reasonable prices with less competition. For sellers, proper pricing and home presentation remain critical to attract serious buyers. Homes that \u201ctick all the boxes\u201d are still going quickly and for over asking in some cases.<\/span><\/p>\n<h2 style=\"text-align: center;\"><b>Now Available Off Market<\/b><\/h2>\n<p><a href=\"https:\/\/www.thomashenthorne.com\/378-margarita-drive-san-rafael\/\"><span style=\"font-weight: 400;\">378 Margarita Drive in San Rafael<\/span><\/a><span style=\"font-weight: 400;\"> is available for $2,595,000. This is a beautiful gated home on two acres offering incredible privacy and amazing 270 degree views.<\/span><\/p>\n<h2 style=\"text-align: center;\"><b>Coming Soon<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">I am currently working on a beautiful 3 bed\/2 bath home in the Forbes\/Fairhills neighborhood that offers the unique combination of stunning Mt. Tam views and walk-to-town convenience. More to come!<\/span><\/p>\n<h2 style=\"text-align: center;\"><b>How Can I Help?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Marin County continues to showcase its resilience and desirability, even amidst shifting market dynamics. Whether you\u2019re buying, selling, or just staying informed, my expertise ensures you\u2019re equipped to navigate Marin\u2019s unique real estate landscape. Let me help pave the road to success for you!<\/span><\/p>\n<p><b>It is never too early to discuss how to best prepare your home for the busy spring selling season.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">These market reports are a great place to start, but let\u2019s continue the conversation. I am always happy to discuss the market and the best way to approach buying or selling a home in Marin County or the greater Bay Area.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have any questions about the market or are considering your next real estate move, please don\u2019t hesitate to reach out. Together, let\u2019s make your real estate goals a reality. Call or text me anytime at 415-847-5584.<\/span><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Happy new year! Thank you all for your continued support of my business and I am so happy to have worked with so many of you in 2024. As we reflect on last month, we saw the median sold price decline 3% to 1.3 million while the number of homes for sale was up 9%.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":53904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[15275,4856,3805,15414,11209,482,10930],"dealstore":[],"offerexpiration":[],"class_list":["post-53903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-county","tag-estate","tag-january","tag-marin","tag-market","tag-real","tag-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marin County Real Estate Market Report January 2025 - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=53903\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marin County Real Estate Market Report January 2025 - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Happy new year! Thank you all for your continued support of my business and I am so happy to have worked with so many of you in 2024. 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