Marin County Real Estate Market Report December 2021 | Latest News

Marin County Real Estate Market Report

December 2021

We saw a more normal seasonal pattern in November, with the number of homes for sale down significantly compared to earlier in the year as well as to last November. The median home price was up 11% vs. last year at this time to $1.57 million. Inventories are very low with just two weeks’ of inventory given the current rate of sales.

Typically the market goes into sem-hibernation during the December holidays, but last year was an exception as COVID-19 delayed the start of the market. I was closing deals all the way through New Year’s Eve – and grateful for the business. 

Federal Reserve Poised to Raise Interest Rates

It sounds like we will see increasing home mortgage rates in 2022 given the improving unemployment numbers and the concerning inflation. 

According to this CBS Marketwatch article, “The highest U.S inflation rate in nearly 40 years seen in Friday’s November CPI data, will prompt the Federal Reserve to begin raising its benchmark short-term interest rate sooner and higher than previously appeared to be the plan….Fed officials have been caught off guard by the pace of the acceleration in inflation and are staring at the risk of persistent price gains, said Josh Shapiro, chief U.S. economist at MFR Inc, in an interview.”

If you have not refinanced your mortgage, this may be a good time to look into it.

What’s Happening In My World

As I reflect upon 2021, it is with a sense of gratitude that I look at this past year, and a sense of excitement as we begin a new year. I was so very fortunate to represent some of the finest properties in Marin County this year, and work with the best clients. 2021 was my strongest year ever and I am eternally grateful to all of you for your continued support and referrals.

My duplex listing in San Rafael went into escrow quickly with a backup offer in place. I am working with a number of sellers to help prepare their homes for the spring season. Believe it or not, it’s not too early to begin thinking of the spring market. Whether you are buying or selling, let’s discuss the best strategies to set you up for success in what promises to be another competitive year in Marin county real estate.

How Can I Help?

These market reports are a great place to start, but let’s continue the conversation. I am always happy to discuss the market and the best way to approach buying or selling a home in Marin County or the greater Bay Area. Call or text me anytime at 415-847-5584.