Sonoma County Real Estate’s median sales price has hovered in the same general range for the past 12 months and hit a yearly peak in May: $580,000. The pace of sales has been quickening each month thus far in 2016, with properties taking an average of 60 days to sell in May.
Similar to the two previous months, the Monthly Supply of Inventory (MSI) finished May at 1.8 months. Sonoma County homebuyers paid an average of 98.2 percent of original prices.
The median sales price for Bay Area properties rose year over year in nearly all regions. The lone exception was San Francisco single-family home prices, which were down $40,000 from May 2015. Prices hit one-year highs in Contra Costa, Marin, and Sonoma counties, while homes in the East Bay commanded eye-popping premiums of nearly 20 percent.
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 May 2016 Market Report.