SONOMA COUNTY
As was the case in Marin, Sonoma County home prices saw an August drop after attaining yearly peaks in July. The median sales price in the county fell to $440,000, an 8 percent month-over-month slide. That said, prices in Sonoma County have been above $400,000 since March.
Homes lasted and average of 68 days on the market, three days shorter than in July. The MSI in Sonoma County shrunk slightly to 1.8 but is still in the same neighborhood as it has been since the spring.
Sellers received 97.5 percent of their homes’ original prices, consistent with what we saw in June and July.
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