Marin County: Novato

For Sale vs Sold (For Sale/New Listing)

This information is sponsored by:

CA Dept. Real Estate: 02009074. Broker of Record NMLS : 1403204. Corporate NMLS: 1829222.

CA Dept. Insurance: OL88065.

* All reports are published based on data available at the end of previous month. All reports presented are based on data supplied by BAREIS MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

About the For Sale Versus Sold Report

  • For Sale numbers are a snapshot of the number of properties for sale at the end of the month.
  • New Listing numbers represent the number of properties that are new listed for that month.

What Does For Sale Versus Sold Report Do?

  • It helps to determine the trend of market supply and demand.
  • It helps to determine whether the current market is a seller or buyer market.
  • It helps to determine the minimum length of time of the listing period.
  • It helps to identify what price range the majority of the properties are in, within any specific area.
  • It helps to bring into focus where buyer activity is and the market condition in those areas.

How to Use the For Sale Versus Sold Report?

  • Use with the Average Price Per Square Foot Report to understand what is the market value range of a property.
  • Use the current inventory level to determine market conditions. The current inventory level is derived by dividing the monthly listing number by the monthly sold number which is shown in the Months of Inventory graph. As a general rule, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.
  • A downward trend of listing inventory and an upward trend of the number of properties sold indicates the seller is in a better negotiating position.
  • An upward trend of listing inventory and a downward trend of the number of properties sold indicates the buyer is in a better negotiating position.

You Should Know

  • The properties sold figures are derived from recorded transactions.
  • Current monthly sold figures might be adjusted upward on the next month’s report. This is to account for any closed transactions that are reported.