Marin County Real Estate Market Rebounds Dramatically

Despite the ongoing health and economic crisis precipitated by COVID-19, the Marin real estate market made a dramatic recovery from the steep declines in March and April. The median house sales price hit a new high in Q2, and high-end homes, in particular, have seen extremely strong demand – in fact, this applies to virtually every market in the Bay Area. More affluent buyers - the demographic least affected by COVID-19, unemployment, and also having the greatest financial resources - have been jumping back into the market to a greater degree than other segments.

The first chart below illustrates the big rebound in buyer demand, as the number of listings accepting offers in June 2020 rose much higher on a year-over-year basis. Of course, closed-sales volume - a lagging indicator - was hammered in Q2 by shelter in place.

The first chart below illustrates the big rebound in buyer demand, as the number of listings accepting offers in June 2020 rose much higher on a year-over-year basis. Of course, closed-sales volume - a lagging indicator - was hammered in Q2 by shelter in place.