September 2020 Report
Single Family Homes in Sonoma County, All Cities, All Neighborhoods Change >
Average Price$929,595
-3.7%
Pending Properties639
-4.1%
Sale/List Price Ratio100.4%
+0.3%
Trends at a Glance
| Trends At a Glance |
Sep 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$715,000 (0.0%) |
$715,000 |
$651,000 (+9.8%) |
| Average Price |
$929,595 (-3.7%) |
$965,611 |
$787,530 (+18.0%) |
| No. of Sales |
475 (-5.2%) |
501 |
386 (+23.1%) |
| Pending |
639 (-4.1%) |
666 |
175 (+265.1%) |
| Active |
592 (-7.6%) |
641 |
1,088 (-45.6%) |
| Sale vs. List Price |
100.4% (+0.3%) |
100.2% |
98.8% (+1.7%) |
| Days on Market |
70 (+6.2%) |
66 |
68 (+4.1%) |
| Days of Inventory |
36 (-5.8%) |
38 |
82 (-55.8%) |
Market Commentary
The median sales price for single-family, re-sale homes rose 9.2%, year-over-year. The average sales price gained 17.7%.
Sales of single-family, re-sale homes in Sonoma County rose 27.7% year-over-year. There were 475 homes sold. The average number of homes sold each month since 1998 is 408.
Year-to-date, home sales are up 3.4%.
As of October 5th, there were 639 single-family, re-sale homes pending. The average since January 1998 is 191.
Inventory was down 43.2% year-over-year. As of October 5th, there were 592 homes for sale. We average 1,391.
The median sales price for condominiums jumped 21.6% year-over-year. The average sales price was up 19.5%.
Condo sales were down 10.7% compared to last September.
Condo inventory was down 14.3%. Pending condo sales were up 53.2%
The time it takes to sell a home, meaning from when the home is listed to when it goes into contract, was seventy-five 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 thirty-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.