February 2020 Report
Single Family Homes in Sonoma County, All Cities, All Neighborhoods Change >
Average Price$796,992
+4.6%
Pending Properties357
+25.3%
Sale/List Price Ratio98.0%
-0.3%
Days of Inventory85
+21.7%
Trends at a Glance
| Trends At a Glance |
Jan 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$660,000 (+4.8%) |
$630,000 |
$650,000 (+1.5%) |
| Average Price |
$796,992 (+4.6%) |
$761,922 |
$772,343 (+3.2%) |
| No. of Sales |
208 (-24.6%) |
276 |
226 (-8.0%) |
| Pending |
357 (+25.3%) |
285 |
77 (+363.6%) |
| Active |
586 (-8.3%) |
639 |
601 (-2.5%) |
| Sale vs. List Price |
98.0% (-0.3%) |
98.3% |
98.0% (0.0%) |
| Days on Market |
94 (+23.4%) |
76 |
89 (+5.4%) |
| Days of Inventory |
85 (+21.7%) |
69 |
80 (+5.9%) |
Market Commentary
The median sales price for single-family, re-sale homes gained 1.5%, year-over-year. It was up 4.8% from December. The average sales price rose 4.6% from December, and, it was up 3% compared to last January.
Sales of single-family, re-sale homes in Sonoma County dropped 4.1% year-over-year. There were 208 homes sold. Sales were down 24.6% from December.
As of February 5th, there were 375 single-family, re-sale homes pending. The average since January 1998 is 175!
Inventory was up 1.4% year-over-year. As of February 5th, there were 586 homes for sale. We average 766.
The median sales price for condominiums was down 6.2% year-over-year. The average sales price was off 4.2%. Condo prices have been lower than the year before eighteen months in a row.
Condo sales were down 3.4% over last January.
Condo inventory was down 15.7%.
The time it takes to sell a home, meaning from when the home is listed to when it goes into contract, was ninety-four days. The average since January 1998 is eighty days. Condos are selling in seventy-five 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-five. 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.