Real Estate Report presented by Information Designs

August 2018 Report

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


Median Price
$661,000
-6.9%
Average Price
$810,448
-14.2%
No. Sold
340
-2.0%
Pending Properties
493
+8.4%
Active
877
+9.1%
Sale/List Price Ratio
100.2%
-0.1%
Days on Market
49
-3.6%
Days of Inventory
77
+15.2%

Market Barometer

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Market Commentary

Home Prices & Sales Dip in July

TIP: Click on table above to get year-over-year statistics.

After setting a new, record high in June, the average sales price for single-family, re-sale homes in Sonoma County fell 14.2% in July. Year-over-year, the average sales price was up 0.5%. 

The median sales price for homes was down 6.9% compared to June. Year-over-year, the median sales price was up 1.7%. That’s the seventy-third month in a row the median price has higher than the year before.

Home sales fell 2.3% from last July. There were 340 homes sold, that’s below the average monthly sales of 422 since January 1998.

The median sales price for condominiums backed off the peak it reached in June. It was down 1%. Year-over-year, the median sales price was up 22.1%. The average sales price was up 24.1%.

Homes are selling quickly, taking only forty-nine 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-five days. The average is seventy-three days.

The sales price to listing price ratio stayed over 100%: 100.2%. The ratio for condos was 100%.

Inventory continues to be abysmal. It is just under 50% of the average since 2008. As of the 5th of August, there were eight-hundred and seventy-seven homes for sale. We average fifteen-hundred and twenty-eight.

This is reflected in our Days of Inventory statistic which is seventy-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.

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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