Napa Valley March 2012 information on number of homes sold, in escrow and current available for sale
- For Napa County there is currently only 3.4 months supply of inventory available for sale. The City Napa fares worse at only 3.1 months supply.
- The average days on market, the number of days it takes to sale a home, for Napa County shrunk a little 125 to 115 days for March year over year.
- Currently there are 465 residential properties for sale in Napa County and 459 in escrow. These numbers for the City of Napa are 281 and 302.
- Below are the stats for Napa County, Cities of Napa, St. Helena, Calistoga and Town of Yountville for March year over year.
|
MARCH |
2012 |
MARCH |
2011 |
|
|
# of sales |
Avg DOM |
# of sales |
Avg DOM |
|
|
Napa County |
136 |
115 |
136 |
125 |
|
City of Napa |
92 |
120 |
90 |
136 |
|
Yountville |
4 |
156 |
5 |
195 |
|
St. Helena |
6 |
111 |
6 |
127 |
|
Calistoga |
4 |
252 |
3 |
123 |
March 2012 year over year for California
- California’s housing inventory declined in March, with the Unsold Inventory Index for existing, single-family detached homes decreasing to 4.1 months in March, down from a revised 5.4 months in February and down from the 5.4-month supply in March 2011. The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate. A 7-month supply is considered normal.
- Interest rates edged up slightly in March. Thirty-year fixed-mortgage interest rates averaged 3.95 percent during March 2012, down from 4.84 percent in March 2011, according to Freddie Mac. Adjustable-mortgage interest rates averaged 2.77 percent in March 2012, compared with 3.22 percent in March 2011.
- The median number of days it took to sell a single-family home fell to 53.1 days in March 2012 and was down from a revised 57 days for the same period a year ago
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