Sonoma County Real Estate August 2020 Report

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Median House Sales Prices – Short-Term & Long-Term Trends. Active listings on market, new listings, listings accepting offers, closed sales volume.

Supply & Demand

Inventory is not keeping up with demand, putting increasing pressure on the market (and prices).

Sales Volume & Listings for Sale by Price Segment

As compared to sales volume, the Sonoma County market is somewhat over-weighted in the number of expensive homes listed for sale. However, this relative imbalance in supply and demand is actually significantly reduced in scale from what has been the case in recent years.

Higher-Price & Luxury Home Sales

A staggering increase in buyer demand for expensive homes.

Bay Area Markets Comparison

This table ranks each county by the percentage of active listings going into contract in June/July 2020 – a standard statistic of market heat – compares it to the same period of last year, and then rates the scale of the year-over-year change.

Many counties are seeing dramatically increased demand over last year, with Sonoma seeing one of the greatest jumps. One reason why its June/July 2020 percentage-of-listings-accepting-offers is lower than some other counties is its respectively very high inventory of very expensive home and estate listings for sale (see “by price segment” chart above). These listings, on average, take much longer to sell due to the much smaller pool of prospective buyers. This is the case despite the enormous, recent surge in demand for such homes in Sonoma County.

Selected Indicators

Price reductions, average days on market, months supply of inventory.

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