For Marin during shelter-in-place for March, there were steep drops in activity.  However, activity has been picking up since bottoming out in late March/early April, and will presumably continue to increase with the easing of both shelter-in-place and property-showing rules especially those that are owner occupied.

The best way to clearly perceive the recent changes in the market – sudden plunge and the beginning of recovery – is by looking at WEEKLY trends in buyer and seller activity. These are illustrated in this first chart below.

Generally speaking, the first months of 2020 have been characterized by often substantial, year-over-year increases in median home sales prices across the Bay Area. As mentioned, no firm conclusions should be made regarding the April y-o-y decline in Marin until substantiated over the longer term: Marin monthly median prices often fluctuate without great reference to changes in fair market value.

The next series of charts reflects the dramatic changes in seller and buyer dynamics by MONTH as compared to spring 2019. These don’t illustrate the uptick in activity in the most recent weeks.