June 2019 Report
Single Family Homes in Sonoma County, All Cities, All Neighborhoods Change >
Average Price$812,240
+2.8%
Pending Properties533
+49.7%
Sale/List Price Ratio100.2%
+0.5%
Days of Inventory74
-15.0%
Trends at a Glance
| Trends At a Glance |
May 2019 |
Previous Month |
Year-over-Year |
| Median Price |
$668,500 (+3.6%) |
$645,000 |
$702,500 (-4.8%) |
| Average Price |
$812,240 (+2.8%) |
$789,803 |
$860,134 (-5.6%) |
| No. of Sales |
390 (+23.0%) |
317 |
360 (+8.3%) |
| Pending |
533 (+49.7%) |
356 |
179 (+197.8%) |
| Active |
962 (+1.1%) |
952 |
992 (-3.0%) |
| Sale vs. List Price |
100.2% (+0.5%) |
99.7% |
101.1% (-0.8%) |
| Days on Market |
57 (-7.5%) |
62 |
48 (+20.0%) |
| Days of Inventory |
74 (-15.0%) |
87 |
83 (-10.5%) |
Market Commentary
The median sales price for single-family, re-sale homes was up 3.6% in May compared to April. Year-over-year, it was down 4.8%. That’s the eighth month in a row the median price has been lower than the year before. The average sales price was up 2.8% from April, but, it was down year-over-year for the seventh month in a row, falling 5.6%.
Sales of single-family, re-sale homes in Sonoma County rose year-over-year for the second month in a row. Home sales were up 8.3%.
In April, there were 533 single-family, re-sale homes pending. That is an astonishing number. The average since January 1998 is 157!
Inventory was down 3% year-over-year. As of June 10th, there were 962 homes for sale. We average 1,466.
The median sales price for condominiums was down 2.9% year-over-year. The average sales price was off 6.1%.
The time it takes to sell a home, meaning from when the home is listed to when it goes into contract, was fifty-seven 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 seventy-four. 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.