As we head into summer, buyers are seeing more choices as inventory continues to grow across many markets. At the same time, demand has remained relatively steady, with sales activity holding up in many areas. Pricing is a little more varied than we've seen in recent months, with some markets posting gains while others are leveling off. It's a reminder that real estate remains highly local, and that pricing, presentation, and strategy can make all the difference. Here's a closer look at how the market is shaping up in your area.
In Sonoma County, the number of home sales decreased 5.6% to 356 from the prior month, while the number of available listings increased 11.4% to 906. Days on market decreased 8.3% to 44 days. Median sales price increased 0.7% from the prior month and increased 2.4% from the prior year to $881,000. Days on market decreased 10.0% to 63 days. Median sales price decreased 26.2% from the prior month and decreased 10.6% from the prior year to $389,000.
Whether you’re thinking about selling or planning your next purchase, these shifts can look different depending on your specific goals and property. I’d be glad to help you map out the right approach.
Check out the full market report here.
