Facebook
Twitter
Pinterest
Copy Link
Sonoma County Market Update
Here’s the latest market update for Sonoma County, California. The real estate market in Sonoma County is showing some interesting trends.
Currently, there are 2.76 Months Supply of Inventory. This is an important metric as it reflects the number of months it would take for all the homes currently on the market to sell, based on the current rate of sales. Over the last 12-months, Months Supply of Inventory has increased by 21.05%, indicating that there is more inventory available for buyers to choose from than there was a year ago.
Another important metric is the List to Sold Price percentage, which is currently at 102.5%. This means that on average, homes are selling for 2.5% above their asking price. This is great news for sellers, as it shows that there is still a strong demand for homes in Sonoma County.
The median days on market is currently 38, which is a slight increase from last month. However, it is still a relatively short amount of time for a home to be on the market before it sells. This shows that there is a healthy balance between supply and demand in the market.
Finally, the median sold price for homes in Sonoma County is $830,000. This is a significant increase from last year, reflecting the strong demand for homes in this beautiful county.
In conclusion, the real estate market in Sonoma County is showing some interesting trends. With an increase in inventory, strong demand, and homes selling for above their asking price, it’s a great time to be a seller. Buyers, on the other hand, should be prepared to act quickly and make competitive offers. As always, if you have any questions or would like more information about the current market, don’t hesitate to reach out to me.
