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Pacific Union’s May Real Estate Update


Sonoma County monthly market update

SONOMA COUNTY

Home prices have been rising in Sonoma County almost without exception for more than a year. The median sales prices pulled back by $10,000 in May from a month earlier to $425,000 but remained 29 percent higher than in May 2012.

Sales prices hovered near 94 percent of original prices over the past year but jumped to 99.3 percent in May.

The housing inventory fell to a 1.5-month supply, the lowest level in more than a year, and average days on the market declined to 68, compared with 98 a year earlier.

To read the full report and get information about other Bay Area counties, Click Here.

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