Real Estate Report presented by Information Designs

November 2018 Report

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


Median Price
$655,000
-5.1%
Average Price
$807,003
-7.9%
No. Sold
382
+32.6%
Pending Properties
448
-7.6%
Active
858
-6.4%
Sale/List Price Ratio
98.6%
+0.2%
Days on Market
64
+6.1%
Days of Inventory
67
-27.0%

Market Barometer

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Market Commentary

Prices Down, Sales Up

The median sales price for single-family, re-sale homes was down 0.7% year-over-year. That’s the first time since May 2012 the median price has been lower than the year before. The average sales price was up 3.6%.

After an abysmal September, sales of single-family, re-sale homes in Sonoma County popped in October. Home sales were up 32.6% from September, and, they were up 18.6% year-over-year. Year-to-date, home sales are off 7.5%.

Inventory is up, year-over-year, for the fourth month in a row. It is now over 50% of the average since 2008. As of the 5th of November, there were 858 homes for sale. We average 1,528.

The median sales price for condominiums continued to back off the peak it reached in June. It was down 10.9% from September. Year-over-year, the median sales price was down 6.9%. The average sales price was up 0.2%.

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-four days. The average since January 1998 is eighty days. Condos are selling in fifty-four days. The average is seventy-three days.

The sales price to listing price ratio was 98.6% for homes. The ratio for condos was 98.2%.

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 sixty-seven. 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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