Real Estate Report presented by Andrew de Vries

August 2019 Report

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


Median Price
$651,000
-1.4%
Average Price
$806,178
+5.0%
No. Sold
401
+2.8%
Pending Properties
520
-4.8%
Active
1,060
+4.2%
Sale/List Price Ratio
99.4%
+0.3%
Days on Market
60
+12.2%
Days of Inventory
79
+4.9%

Market Barometer

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Market Commentary

Home Sales Prices Up in July

The median sales price for single-family, re-sale homes broke a nine month losing streak last month by rising 0.2% year-over-year. It was down 1.4% from June. The average sales price rose 5.0% from June, and, it was up by 1.1%.

Sales of single-family, re-sale homes in Sonoma County rose year-over-year for the fourth month in a row. Home sales were up 6.6%.

In July, there were 520 single-family, re-sale homes pending. That is an astonishing number. The average since January 1998 is 157!

Inventory was down 17.7% year-over-year. As of August 5th, there were 1,060 homes for sale. We average 1,466.

The median sales price for condominiums was down 13.4% year-over-year. The average sales price was off 9.2%.

Condo sales were up 10% over last July.

Condo inventory was down 8%.

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

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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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