Fairfax is currently booming many buyers wanting to move to the area. The inventory is lower than other towns, demand high and appreciation steady and meeting the other towns. 50% of the inventory is in escrow at the moment, so homes don't stay around too long.
Fairfax has some of the most affordable housing in Marin, certainly the most affordable in the Ross Valley. This creates a supply-and-demand dynamic that keeps the home inventory moving. Family-friendly homes typically sell in a week or two provided they are priced correctly. Homes in the hills take a bit longer, as a smaller segment of the home-buying public finds these attractive. Fairfax prices have recently appreciated at a faster clip than the county as a whole, and it generally has one of the tighter housing supplies.
Since Fairfax is still one of the most afordable towns in Marin, sales here have been strong for 1Q07 with an average selling price of $755,895; just slight above the asking price. For 2007 Fairfax consistently has the highest percent of inventory in contract in Marin, averaging around 50% which indicates a balanced market for both buyers and sellers. In terms of how long homes sit, we have returned to normalcy with properties are averaging 100 days on the market before selling.