How's The Market?

JULY 2025 WRAP-UP

After a busy second quarter, Marin County’s housing market eased into its typical summer slowdown in July. While activity tapered from spring’s brisk pace, the single-family home segment remains solid, and the seasonal pause is in line with historical trends. Summer often brings a bit more breathing room for buyers, while fall typically ushers in renewed activity and competitive conditions.

The median sales price for single-family homes rose 4.3% year over year to $1,162,500, reflecting steady demand despite the seasonal cooling. Homes took longer to sell, with the median days on market increasing by 9 days to 33, though this remains relatively swift compared to pre-pandemic norms. The median price per square foot ticked down just 0.4%, indicating stable values.

Sales activity softened, with properties going into escrow down 9.8% and closed sales falling 11.7%. However, inventory grew meaningfully: the number of homes for sale on the last day of July jumped 36.2% to 316, offering buyers more options. Competition remained healthy, with just under a third of homes selling above list price. Sellers received 99.5% of asking on average, a slight 1.1% dip from last year. The Months Supply of Inventory (MSI) recorded at 1.9, still favoring sellers but offering more balance than earlier in the year.

Mortgage rates fell to their lowest level since October, with Freddie Mac reporting the average 30-year fixed-rate mortgage at 6.63 percent. Purchase application activity is improving as buyers take advantage of increased affordability.

See market stats