Home Real Estate Median price hit $1.71M in August

Median price hit $1.71M in August

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The median price for a detached home in Marin was $1.71 million in August in a market that continues to favor many sellers.

The price figure, part of the latest monthly data released by the county assessor-recorder’s office, was down from $1.8 million the prior month but up 12% over August 2020. The median price is the point at which half the homes sold for more money and half for less.

The county had 277 detached home sales last month, slightly more than July but fewer than the 320 during the previous August.

After months of feverish buying, Cathy Youngling, president of the Marin Association of Realtors, said she has seen “slight slowing” in the market in parts of the county. She said desirable properties are still getting multiple offers, just not as many, and they are taking somewhat longer to sell.

“If I was a buyer, I wouldn’t be discouraged.” she said. “If I was a seller, I would price at market value and not where I hope it will…

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