As summer starts to wind down, the California housing market continues to settle into a more balanced pace.
Across many regions, fewer homes are coming to market, while prices remain relatively steady and buyers have a bit more room to explore their options. At the same time, well-priced homes continue to attract attention, and local conditions can vary quite a bit from one market to the next. Here's a look at how those trends played out in your local market this month.
Sonoma County’s market softened month-over-month, with home sales down 6.2% to 364 and inventory down 2.6% to 910 listings. Days on market increased to 53, while the median sales price fell 4.6% to $835,000—down 1.2% year-over-year. The condo market saw a sharper decline in sales, down 25.8% to 23, with the median price at $420,000, down 18.9% year-over-year.
Real estate is always local, and the numbers can tell a different story from one neighborhood to the next. Whether you're considering a move or simply want to understand where your home stands, having a clear picture of current conditions can help you make the right decisions. If you'd like to talk through the market or what it could mean for your property, I'm happy to help. See the full market report here.
