The median sales price in Sonoma County declined a barely perceptible $4,000 from December, starting 2014 at $461,000. The current median sales price is still up a vigorous 26 percent from January 2013.
Buyers in the region benefited from a slight inventory bump in January, when the MSI increased to 2.1. Perhaps because of this, buyers also had a bit more negotiating power than in December, with homes selling for about 6 percent less than original price.
Homes stayed on the market 80 days, almost exactly the same as in the final two months of last year.
Defining Sonoma County: Our real estate markets in Sonoma County include the cities of Cotati, Healdsburg, Penngrove, Petaluma, Rohnert Park, Santa Rosa, Sebastopol, and Windsor. Sales data in the adjoining chart includes all single-family homes and farms and ranches in Sonoma County.
Click Here for a full page view of the Sonoma County January 2014 Monthly Market Report.