Real Estate Report presented by Information Designs

December 2018 Report

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


Median Price
$617,500
-4.9%
Average Price
$764,119
-3.2%
No. Sold
296
-28.5%
Pending Properties
426
+32.3%
Active
785
-26.4%
Sale/List Price Ratio
98.2%
-0.3%
Days on Market
65
+2.6%
Days of Inventory
77
-0.4%

Market Barometer

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Market Commentary

Home Prices & Sales Down in November

The median sales price for single-family, re-sale homes was down 5.8% year-over-year. That’s the second month in a row the median price has been lower than the year before. The average sales price was down 9.4%.

Sales of single-family, re-sale homes in Sonoma County fell in November. Home sales were down 28.5% from October, and, they were down 25.8% year-over-year. Year-to-date, home sales are off 4.4%.

Inventory is up, year-over-year, for the sixth month in a row. It is now over 50% of the average since 2008. As of the 5th of December, there were 785 homes for sale. We average 1,466.

The median sales price for condominiums continued to back off the peak it reached in June. Year-over-year, the median sales price was down 14%. The average sales price was off 13.3%.

The time it takes to sell a home, meaning from when the home is listed to when it goes into contract, has been increasing. In August it took fifty-one days to sell a home. In September, it was sixty. Last month it increased to sixty-five days. The average since January 1998 is eighty days. Condos are selling in fifty-eight days. The average is seventy-one days.

The sales price to listing price ratio was 98.2% for homes. This is the lowest level since April 2012. The ratio for condos was 98.8%.

Days of Inventory reflects an estimate of the amount of time it would take to sell all of 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-seven. 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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