Homes in Sonoma County Are Selling Twice as Fast This Year–We Need More Listings!

filed under: Market updates posted on September 3rd, 2012

Sonoma County Home Sales Report through August 2012

The latest Sonoma County home sales figures through August 2012 show more of the same–increased rate of sales, a higher median price due to the addition of more expensive sales and more non-distressed (equity sales) in to the mix as well as significantly fewer listings than a year ago.  The result?  Homes that sold in over a hundred days a year ago are now selling in 54 days!  Given that more homes also went in to contract in August than any month in the preceding THREE YEARS (!), it seems likely that the decline in inventory and increase in sales are trends that will continue for at least the next several months.  The upcoming presidential election does not seem to be factoring in to most of my clients’ thinking here in Northern California.

Here is the full set of reports.  Please email or call if  you have any questions about this data or real estate in Sonoma County.  The link will take you to a PDF of the full document at my Scribd page.  There you can see all the of the reports I have done in recent years.

 

posted by Pam Buda // Comments Off on Homes in Sonoma County Are Selling Twice as Fast This Year–We Need More Listings!