Marin Real Estate Pulse

We all see the newspaper headline with tidbits on how the Marin County Real Estate market is doing.  Much of what is published in newsprint is compiled from DataQuick, a company that provides real estate data.
While their information is considered accurate, you may not realize it often trails the market by several months.  The sales price figures usually reflect a home that was on the market for several weeks then in escrow for up to a month or longer.¼br /> In an earlier article I mentioned that one method of determining how “hot” the market is uses the percent of homes in MLS that are in escrow. The larger the percent of homes in escrow the hotter the market.
At the recent peak in December 2005, 58% of homes were in escrow. That number bottomed at 25% in January 2006 and has been inching up to its current 34%. So the market is picking up and interest rates are going up so if you are considering buying this may be the time.