Back HomeSonoma, Marin & Napa County Home Prices Decrease in July
September 14th, 2019 by lisasheppard
While the median price has dropped slightly, home sales increased in the North Bay in July from a year before.
Marin County and Napa County sales increased by 15.5% from July of last year, but the median price decreased by 3.6% in Marin County and 4.6% in Napa County.
In comparison, homes sales in the Bay Area were the lowest since 2011. Sales have fallen on a year-over-year basis for the last 12 months. For the Bay Area, the 4% decline in median price reflects a modest dip in home prices and a change in market mix, reflected in all 9 Bay Area counties.
Sonoma County saw the smallest jump in sales and the least decrease in median home price. Sales volume was up 7.4% from the previous July, while the median price was down only 2.2%.