Though median prices in many of our Bay Area markets experienced a slight midsummer cooling from June to July, homes are still in high demand, as low inventory levels and above-list sales prices attest.
SONOMA COUNTY
The Sonoma County market is heating up in more ways than one.
Median home prices in Sonoma County reached yearly highs of $480,000, up 27 percent from July 2012. Sonoma County home prices have been steadily rising for the past three months.
MSI tied its yearly low of 1.7. And sellers received 98 percent of their asking prices, the second-highest number since July 2012.
Houses stayed on the market for an of average 72 days, 10 days longer than in June but almost a month less than this time last year.
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