Marin: October 2025 Market Stats

As of early October, 30-year mortgage rates, at about 6.3%, were essentially unchanged from early September (but well down from 7% in early 2025): The Fed's first 2025 reduction of its benchmark rate, of .25%, had little effect, though consensus opinion is that further cuts are probably coming before the end of the year. Inflation continued to tick up slightly, while stock markets hit new all-time highs. Consumer confidence remained low, with significant concerns regarding personal finances, employment and inflation - though affluent consumers deeply invested in stock markets were less concerned than low and middle income segments.

In Marin, September saw a significant year-over-year increase in sales and Q3 luxury home sales jumped dramatically from Q3 2024. The number of new listings soared from August and the number of active listings also climbed. The Q3 median house sales price rose 3% year over year, while most other market indicators of supply and demand - such as absorption rate, median days-on-market, price reductions, and percentage of listings selling over list price - suggested a slightly softer/cooler market from last year. The details are reviewed in this report.

October data will give us further insight into the autumn selling season, before activity begins to slow down in November for the mid-winter holidays.