Marin County Real Estate Blog

Homebuyer Traffic Is on the Rise

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He's also predicting home sales to increase by 8-12% next year. There's strong evidence that he will be right.

ShowingTime, a leading showing software and market stat service provider for the residential real estate industry, just reported on their latest the ShowingTime Showing Index:

Home buyer traffic jumped again in July, recording a 60.7 percent year-over-year increase in nationwide showing activity.

That means there are 60% more buyers setting appointments to see homes than there were at this same time last year. The number of potential purchasers was also up dramatically in every region of the country:

  • The Northeast was up 76.6%
  • The West was up 56.7%
  • The Midwest was up 52.1%
  • The South was up 46.7%

The Housing Market Is Showing a ‘V' Type Recovery

ShowingTime also indicates the real...

Homebuyer Demand Is Far Above Last Year's Pace

Homebuyer Demand Is Far Above
Last Year's Pace | MyKCM

Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If you've been thinking about selling your house, the coming weeks might just be the timing you've been waiting for.

According to the Pending Home Sales Report from the National Association of Realtors (NAR):

Pending home sales in July achieved another month of positive contract activity, marking three consecutive months of growth.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 5.9% to 122.1 in July. Year-over-year, contract signings rose 15.5%. An index of 100 is equal to the level of contract activity in 2001.

This means that for the past several months, buyers have signed an increasing number of contracts to purchase homes – well above where the market was at this time last year. Lawrence Yun, Chief Economist at NAR notes:

We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing...

Current Homes for Sale
Southern Marin
City # Price Range
Belvedere 16 $3.0m - $29.5m
Mill Valley 62 $545k - $6.6m
Sausalito 32 $500k - $5.9m
Tiburon 40 $675k - $17.8m
Central & North Marin
City # Price Range
Corte Madera 18 $715k - $27.5m
Fairfax 9 $685k - $4.5m
Greenbrae 8 $579k - $2.4m
Kentfield 9 $995k - $5.5m
Larkspur 13 $479k - $3.8m
Novato 68 $345k - $3.2m
Ross 10 $2.3m - $43.0m
San Anselmo 19 $1.0m - $3.0m
San Rafael 84 $95k - $6.0m
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