The median house price in Marin County is now $1.9 million, a 3.7% increase from the previous year. In contrast, the Bay Area's median price is $1.4 million, reflecting a 3.8% decrease. Home sales in the Bay Area fell by 8.2%, while Marin County experienced a 7% increase in sales. Specific areas in Marin show significant price variations, with Belvedere at $7.55 million. The condo and townhome market reflects a median price decline. Inventory in the Bay Area is up approximately 53% from the previous year.
The median price of a house in Marin County has climbed to $1.9 million, its highest level in more than a year, according to the assessor's office.
Sales of existing homes in the nine-county Bay Area in May fell 8.2% from the same period last year, according to the association.
For condominiums and townhomes, the county reported a median price of $745,000 on 47 sales in May, down from $850,000 on 77 sales a year earlier.
Inventory has continued to climb, with the Bay Area having nearly three months of unsold inventory, a 53% jump from last year.
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