Real Estate Report presented by Andrew de Vries

October 2019 Report

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


Median Price
$655,000
-7.9%
Average Price
$789,666
-7.4%
No. Sold
372
-1.1%
Pending Properties
550
-0.7%
Active
1,042
-0.1%
Sale/List Price Ratio
98.7%
-0.7%
Days on Market
68
+8.8%
Days of Inventory
81
-2.4%

Market Barometer

Enlarge >
Loading...

Market Commentary

Price Decline, Sales Rise

After setting a new high in August, the median sales price for single-family, re-sale homes dropped 0.9%, year-over-year. It was down 7.9% from August. The average sales price fell 7.4% from August, and, it was down 8.8% compared to last September.

Sales of single-family, re-sale homes in Sonoma County jumped 17.4% year-over-year. There were 372 homes sold. Year-to-date, home sales are down 1.4%.

In September, there were 550 single-family, re-sale homes pending. The average since January 1998 is 157!

Inventory was down 16.2% year-over-year. As of October 5th, there were 1,042 homes for sale. We average 1,466.

The median sales price for condominiums was down 2.6% year-over-year. The average sales price was off 4.8%. Condo prices have been lower than the year before fourteen months in a row.

Condo sales were up 51.4% over last September. Year-to-date, condo sales are down 14.8%.

Condo inventory was down 32.4%.

The time it takes to sell a home, meaning from when the home is listed to when it goes into contract, was sixty-eight days. The average since January 1998 is eighty days. Condos are selling in sixty-eight days.

Days of Inventory reflects an estimate of the amount of time it would take to sell all the current listings if no new listings became available. It is calculated by taking the number of homes for sale and dividing by the number of homes sold in a given time frame. We use last month’s sold number.

Days of inventory for homes is now at eighty-one. The average since 2009 is one-hundred and eleven.

If you would like to know what’s going on in your neighborhood, 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.

Prices & Sales

Enlarge >
Loading...

Days of Inventory

Enlarge >
Loading...

Sales to Date

Enlarge >
Loading...

Sales Price Ratio

Enlarge >
Loading...