After breaking the half-million dollar mark in July, the median sales price for a property in our Sonoma County region fell to $470,000 in August. At 2.2, the MSI was up a touch from the previous month but didn’t vary greatly from what we’ve observed in the rest of 2014.
As in July, properties took an average of about two months to leave the market. Buyers paid nearly 98 percent of asking price, a bit more than they did the preceding month.
To read about other Bay Area counties, Click Here.