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Pacific Union’s May 2014 Real Estate Update

SONOMA COUNTY

After declining from March to April, the median sales price in our Sonoma County region headed back up toward the half-million dollar mark, to finish May at $486,000. Sellers took home nearly 99 percent of asking prices, the most since May 2013.MonthlyMarketUpdate_May14_SoCo

Sonoma County’s MSI fell below 2.0 for only the second time in the past year. Homes left the market in an average of 58 days, by far the quickest we’ve seen in quite some time.

Defining Sonoma County: Our real estate markets in Sonoma County include the cities of Cotati, Healdsburg, Penngrove, Petaluma, Rohnert Park, Santa Rosa, Sebastopol, and Windsor. Sales data in the adjoining chart includes all single-family homes and farms and ranches in Sonoma County.

To read about other counties, Click Here.

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