Autumn is typically the second busiest selling season of the year, though a relatively short one, running from after Labor Day until mid-November, when the real estate market begins its slide into the winter-holiday slowdown. September is one of the highest months of the year for the number of new listings hitting the market, as illustrated in the second chart above, and that surge in inventory fuels most of autumn’s home sales.
Year to date statistics on months supply of inventory (averaging a very low 1.8 months of inventory), » Read more about: Marin | Heading into the Autumn Selling Season »
2015 to 2016 YTD, the overall median price for condos, which now comprise the majority of home sales in the city, remained exactly the same at $1,100,000: Among other issues, this market segment is clearly being impacted by an increase in new-project condos coming on market, altering the supply and demand dynamic. The house median price increased 6% to $1,328,000: This is far below the appreciation rates of the previous 4 years and is being driven mostly by continued demand for “more affordable”