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Sonoma County Housing Inventory Plummets
If you still think the real estate market is stuck in the doldrums, today's housing market might shock you. Even people who are trying to follow trends are unaware of just how dramatic the changes in the market have been. The key fact that buyers and sellers need to know about Sonoma County real estate is that well priced homes are  being bought much faster than they are coming on the market. Much faster. Did I say much faster? If you aren't prepared to fasten your buying seat belt, you may not be ready for this market.
Let's start with a simple comparison of homes added to the market with homes removed from the market. I simplified the many status changes into two columns; new and back on market in blue represents new inventory. The magenta column represents contingent, pending, and sold homes . Some people may quibble that a "contingent sale" isn't a completed sale and may end up back in inventory. That's true. Many home sale indexes (I know, indices is proper Latin...forgive me) like Case-Schiller rely on completed sales. It's more accurate, but it also misses the market inflection points when things really start to shift. That market shift ... more

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