January 2024 Real Estate Market News & More

Mike Murphy January 15, 2024

Welcome to 2024! We're excited and optimistic for what this year will bring. 2023 was an interesting time in the home market, with circumstances like rising interest rates, fraught global politics, and insurance providers leaving California—all of which contributed to a drop in Buyer confidence. Through oo fo this, we continued to evolve and align to changing market conditions, and were particularly grateful to serve as a resource for our clients navigating the market as well. Looking ahead, we are seeing economic factors begin balance out, and with the new year, motivated Buyers eager to jump in - though limited inventory, as is typical this time of year...With the Fed plan to reduce interest rates this year, we are anticipating a robust 2024!!

 


Local News

Renovating a Kitchen? Don’t Forget the Most Crucial Thing: Light

 

Blasting everything with one bright light won’t do. Here’s how to create a multilayered lighting plan like the pros do.

 

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December 2023 Market Review

Marin County

Stats at a Glance - All Property Types

December 2023 Data by Area - Single-Family Homes

Seasonality & Long-term Trends 

# New Listings on Market: All Property Types 2019-2024

Median Sales Price: All Property Types 2014-2024

 

San Francisco

Stats at a Glance: All Property Types

Seasonality & Long-term Trends 

# New Listings on Market: All Property Types 2019-2024

 

Median Sales Price: All Property Types 2014-2024

Note: Above data reflects that reported to NorCal MLS Alliance MLS. Data from sources deemed reliable but may contain errors and is subject to revision. All numbers approximate. Outlier data adjusted when identified.

 


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