Real Estate Report presented by Mark Stornetta

September 2019 Report

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


Median Price
$711,000
+9.2%
Average Price
$852,718
+5.8%
No. Sold
376
-6.2%
Pending Properties
554
+6.5%
Active
1,043
-1.6%
Sale/List Price Ratio
99.4%
0.0%
Days on Market
63
+4.5%
Days of Inventory
83
+4.9%

Market Barometer

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Market Commentary

Median Home Sales Price Sets New High

The median sales price for single-family, re-sale homes set a new high in August of $711,000. It was up for the second month in a row, year-over-year, gaining 6.3%. It was up 9.2% from July. The average sales price rose 5.8% from July, and, it was up 7.5% compared to last August.

Sales of single-family, re-sale homes in Sonoma County slumped 15.1% year-over-year. There were 376 homes sold. Year-to-date, home sales are down 3.6%.

In August, there were 554 single-family, re-sale homes pending. The average since January 1998 is 157!

Inventory was down 19.9% year-over-year. As of September 5th, there were 1,043 homes for sale. We average 1,466.

The median sales price for condominiums was down 5.5% year-over-year. The average sales price was off 8.6%. Condo prices have been lower than the year before thirteen months in a row.

Condo sales were down 22% over last August. Year-to-date, condo sales are down 20.7%.

Condo inventory was down 33.1%.

The time it takes to sell a home, meaning from when the home is listed to when it goes into contract, was sixty-three days. The average since January 1998 is eighty days. Condos are selling in forty-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-three. The average since 2009 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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