Novato Real Estate Market Reaches Price Cuts Low

A seven-week negative trend in the number of homes sold was extended this week after the Novato market had 35 transactions over the last 30 days. With six price reductions, the lowest amount since last January, the market may be shedding discounts. During the same time frame, Richmond had the most of any other neighboring municipalities with 18 price reductions. As the number of sellers reducing price hit a new low, months of inventory still continued to fall, trending downwards for four weeks to reach one month. Along with the decrease in price reductions, the low inventory indicates that Novato is a definite seller's market.

Being aware of new listings is a great exercise in finding the right home so take a look at these in Novato:

$799K   $679K   $1.2M  

Get started right now by checking out Novato homes for sale or reviewing Novato real estate trends.

Demographic facts about Novato:

  • There are 1,891.6 people per square mile in this area.
  • This area has a cost of living index score of 165.9. (100 = national average)
  • The average commute to work for people in this area is 33 minutes.

Data reported through 1/11/2017

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