Real Estate Market Update for
94941 (Mill Valley, CA)
Video: Real Estate Community Tour for 94941 (Mill Valley, CA)
See Real estate community tour for 94941 (Mill Valley, CA)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 25% from one year earlier, and up 21% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just over 2.3-million dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The median sale price was just over 1.6-million dollars. The number of units sold decreased 36% year-over-year, and decreased 19% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.