The number of sales for Single Family Homes in Marin County fell 39% from the month before.   Year to date, home sales are down 2.2%.  As we near the Holidays, sales are expected to continue to slow, which is fairly typical this time of the year.  Condo sales were down 52.2% from August. Year to date sales are off 17.1%.

Prices have not really declined here in Marin County.  What has declined is the number of sales as well as the number of homes under contract.  The strongest segment of the market is the "luxury market"/those homes over $2 million.  Buyers are still making offers on desiresable properties.

The loan panic seems to have quieted down a bit.  Large surviving lenders like Countrywide are making adjustments to loan terms in order to keep existing borrowers out of default.   Mortgage money is available again, albeit with more oversight and stricter qualification guidelines.