Real Estate Report presented by Kyla Brooke

January 2019 Report

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


Median Price
$640,000
+3.6%
Average Price
$772,194
+1.1%
No. Sold
264
-10.8%
Pending Properties
318
-25.4%
Active
597
-23.9%
Sale/List Price Ratio
98.3%
+0.1%
Days on Market
73
+11.7%
Days of Inventory
68
-11.8%

Market Barometer

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Market Commentary

Market Turning to Buyers

The real estate market in the Bay Area continues to soften. The sales price to list price ratio in Sonoma County was at its lowest level in November since April 2012. It ticked up 0.1 of a point in December to 98.3%.

After peaking for the year in March at 101.3%, the ratio has been in a steady decline ever since.

The median sales price for single-family, re-sale homes was down 5.2% year-over-year. That’s the third month in a row the median price has been lower than the year before. The average sales price was down 8.5%.

Sales of single-family, re-sale homes in Sonoma County fell in December. Home sales were down 10.8% from November, and, they were down 11.1% year-over-year. For the year, home sales were off 4.4%.

Inventory is up, year-over-year, for the seventh month in a row. As of the 5th of January, there were 597 homes for sale. We average 1,466.

The median sales price for condominiums continued to back off the peak it reached in April. Year-over-year, the median sales price was down 3.5%. The average sales price was off 14.5%.

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 seventy-three days. The average since January 1998 is eighty days. Condos are selling in seventy-one days. That is right on the average

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-eight. 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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