Real Estate Report presented by Diane Harris

September 2017 Report

Single Family Homes in Sonoma County, All Cities, All Neighborhoods Change >


Median Price
$630,000
-3.1%
Average Price
$784,174
-2.7%
No. Sold
444
+27.6%
Pending Properties
507
-6.6%
Active
691
-5.1%
Sale/List Price Ratio
100.3%
+0.1%
Days on Market
54
-2.2%
Days of Inventory
47
-25.6%

Market Barometer

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Market Commentary

Home Prices Up, Year-Over-Year

The median price for single-family, re-sale homes in Sonoma County, while backing off from the new record high reached in July, was up in August, year-over-year, by 5.2%. That’s the sixty-second month in a row the median price has higher than the year before.

The median price for condominiums gained 5%.

Home sales, meanwhile, were  up 1.1% from last August. At 444 homes sold, that’s above the average monthly sales of 422 since January 1998. Year-to-date, home sales are off 5.5%.

Condo sales were down 10.4% and are down 9.8% year-to-date.

Homes are selling quickly, taking only fifty-four days from coming onto the market to when they go under contract. The average since January 1998 is eighty days. Condos are selling in forty-one days, whereas the average is seventy-three days.

The sales price to listing price ratio stayed over 100% for the fifth month in a row: 100.3%. The ratio for condos is 100.7%.

Inventory continues to be abysmal. It is less than half the average since 2008. As of the 5th of August, there were six-hundred and ninety-one homes for sale. We average fifteen-hundred and twenty-eight!

This is reflected in our Days of Inventory statistic which is forty-seven. The average is one-hundred and eleven.

If you would like to know what’s going on in your neighborhood, visit my on-line report and click on Recent Sales & Listings. That will tell you what is for sale, what has sold and what is pending in a radius around your home.

You can visit my on-line report at:

«Telex Number»

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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