Marin Market Update for June 2012

Marin Market Poised for a Turn-Around

Marin inventory remains at a low rate with June bringing a modest uptick from 2.5 months to 2.6 months. This is lower than the 2.9 months during December of last year. While low inventory presents a challenge for buyers, this clearing of excess homes on the market allows for pricing to start an upward trend. The inventory numbers below are calculated based on the number of homes sold in the previous month. Last spring, the inventory was up to 5.8 months, more than twice the current amount of months to sell the homes listed on the market. There are a number of positive indicators that the market is improving and find full details in my monthly Marin Market Update...  Click on the image below: