Sonoma County Real Estate’s median sales price gained just few thousand dollars from March to April, but that was enough to make it a one-year high of $567,500. The pace of sales has been quickening each month so far in 2016 and dropped to 62 days in April.
The Monthly Supply of Inventory (MSI) finished the month at 1.8, identical to one year earlier, and homes sold for an average of 99.2 percent of original prices.
The East Bay region saw the median home sales price reach a new milestone in April, rising to just above $1 million. Prices also hit or tied yearly highs in San Francisco, Marin, Contra Costa, and Sonoma counties. While the median price in our Silicon Valley region is short of the peak it reached last September, it has risen every month so far in 2016 and ended April at slightly less than $3 million.
Our real estate markets in Sonoma County include the cities of Cloverdale, 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 Real Estate April 2016 Market Report.