Marin Real Estate: 6. 04. 12 Sales-Best May Month since 2007
May continued with a good selling pace here in Marin County with 273 recorded residential sales. This represents the highest total of May sales since 2007 when 324 sales were recorded. We are starting June out with good numbers as well with 132 "Pending" and 424 "Contingent". We are still down considerably in "Active" listings which sit at 655 countywide.
The other interesting stat was that out of all the sales in May, only 20% were distressed sales. We have been hovering around 25-30% distressed sales this year. Also, even though we are seeing some listings go quickly, almost half of the "Active" listings have been sitting for over 60 days on market.