“Buyers are out there. The good stuff is selling for over asking price,” Marty Wickenheiser with Bradley Real Estate told KCBS.READ MORE: San Francisco Supervisors Approve Permanent Non-Citizen Voting In Board of Education Elections
The median price of a home in Marin County rose nine percent between March of 2015 and March of this year, meaning that median cost is now over $1 million. Because there are fewer houses on the market, the prices stay high.READ MORE: San Francisco Ordinance Could Provide Easier Access To Paid Time Off For Domestic Workers
“The inventory problem is going to correct itself eventually, but it is true that there seems to be a shortage of quality homes that good ones go very, very quickly,” Wickenheiser said.MORE NEWS: Bronze Huey Newton Bust Unveiled In West Oakland Birthplace Of Black Panthers
Many homes in the Bay Area receive multiple offers, and despite the selling prices, many are paid for in cash.