“Buyers are out there. The good stuff is selling for over asking price,” Marty Wickenheiser with Bradley Real Estate told KCBS.READ MORE: BART Service Nears Pre-Pandemic Level Monday as Hours Expand
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: 4 Die in Helicopter Crash in Colusa County North of Sacramento
“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: San Francisco Digital Payment Company Square to Buy Afterpay in $29 Billion Deal
Many homes in the Bay Area receive multiple offers, and despite the selling prices, many are paid for in cash.