Prices are rising dramatically this spring.
The total number of homes sold continues to rise as well. 216 single family homes were purchased in Marin County in the month of April compared with same month last year in which only 161 sold. That is an increase of 34%.
Median prices are up 2% from $760,000 to $775,000.
Avg. prices are up 1% from $1,016,000 to $1,0125,000.
Price changes alone would not signal a rebounding market. It is the combination of price and activity along with the amount of homes that are selling in the first 30 days for over the asking price that indicate a vigorous market.
These numbers are in stark contrast to the numbers from earlier this year as well as late 2011 statistics. While some of the activity is due to the usual spring uptick, not all of it can be attributed to a seasonal change since last spring while active, did not have price increases.