Marin County median home price retreats from $2 million

Marin County median home price retreats from $2 million

2 years ago
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https://www.siliconvalley.com/2022/07/25/marin-median-home-price-retreats-from-2m/

After breaching the $2 million mark in April and May, the median price of a detached home in Marin slipped to $1.875 million last month, according to new data released by the county. But that was still a 6.8% gain over the prior June.

At the same time, the number of all homes sold in Marin — including detached residences, townhomes and condos — fell by more than 25% in June over the prior year, as market demand slowed amid rising mortgage interest rates and inflation concerns. The county assessor’s office reported 337 total home sales last month, compared with 453 in June 2021.