In the first 6 months of 2021, over $3 billion in home sales were reported to MLS in Sonoma County, 61% above the previous peak in 2018. Year-over-year, the 6-month rolling average, median house sales price was up about 13.5% in July 2021.
Approximately 3,285 MLS home sales occurred in the six months through mid-June 2021. Total dollar volume was approximately $3 billion. 87% of sales were houses, 11.5% were condos, and 1.5% townhouses. 77% of homes sold for under $1 million. One half of 1% of homes sold for $5 million+.
Besides changes in fair market value, median sales prices often rise and fall due to seasonal factors. The median house sales price has seen an astonishing increase since the pandemic struck.
Our January report focused mostly on 2020’s annual statistics. This report will put most of its attention on quarterly and monthly indicators, which better illustrate changes occurring as 2020 progressed: pre-pandemic to initial pandemic crash through the subsequent market recovery. In some counties – and of course, Sonoma is one of them – the terrible [ More ]