Real Estate Report presented by Mark Stornetta

April 2020 Report

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


Median Price
$652,500
-4.0%
Average Price
$771,310
-0.6%
No. Sold
209
-16.7%
Pending Properties
311
-10.6%
Active
764
+14.5%
Sale/List Price Ratio
99.0%
-0.2%
Days on Market
68
-4.9%
Days of Inventory
106
+33.0%

Market Barometer

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Market Commentary

Sales Plunge in April

Sales of single-family, re-sale homes in Sonoma County tanked 34.1% year-over-year. There were 209 homes sold.

As of May 5th, there were 311 single-family, re-sale homes pending. The average since January 1998 is 175.

The median sales price for single-family, re-sale homes gained 1.2%, year-over-year. The average sales price fell 2.3% compared to last April.

Inventory was down 19.7% year-over-year. As of May 5th, there were 764 homes for sale. We average 1,391.

The median sales price for condominiums was up 13.3% year-over-year. The average sales price was up 16.7%. That’s three months in a row condo prices have been higher than the year before.

Condo sales were down 48.9% compared to last April.

Condo inventory was down 31.9%.

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 seventy 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 one-hundred and six. 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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