Is it a bad time to sell your Novato home? Or a great time? It’s not uncommon for people to think it isn’t the best time after hearing negative headlines for the past two years about high interest rates.

I’m here to tell you 5 reasons that it’s a good time to sell, all based on what’s going on in the Novato real estate market this summer.

I’m Erin McGinnis with Team McGinnis Realtors. Watch the video or continue reading below!

Good or Bad Time to Sell Your Novato Home?

The truth is that every market is different, and here in Marin, and specifically Novato, it is a good time to sell. Here’s why:

In the Novato real estate market, sale prices are up. In July, The median sale price of a single-family home was $1,294,000. That’s up 16% over July of 2023.

41% of homes are selling with multiple offers. The average sale is closing for almost 2% over the list price.

46% of homes are selling to all-cash buyers. That means no loans, no appraisals, no financing contingency. That’s up from 8% in the first quarter of 2024.

Finally, homes are selling in 33 days on average. That means many are getting under contract quickly and then going through a short escrow period.

If you’re a homeowner thinking of selling, you can do well on price if you take the right steps to get your home ready for sale. Please call us today to talk about your options.