Sales of single-family, re-sale homes in Sonoma County continued to increase in November, up 47.9% year-over-year. Year-todate, home sales are up 19.7%. The median price for singlefamily, re-sale homes in Sonoma County dropped 9.8% from October, and was off 35% year-over-year.
The average price for homes fell 11.1%, month-over-month, and was down 38.3% compared to last November.
The California Association of REALTORS® reported that affordability in Sonoma County in the third quarter more than doubled from the year before. Last year 25% of household could afford to buy an entry-level home compared with 52% this year.
Condo sales were up 71.1% year-over-year. The median price for condos lost 20.2% from October, off 45.5% year-over-year. The time it takes from when a home was listed for sale to when it was put under contract dropped two days to 102 days. The average days on market for condos rose seven days to 107 days.
The sales price to list price ratio for single-family home rose 0.9 of a point to 97.4%. The condo ratio fell 1.7 points to 96.5%.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, or for an evaluation of your home's worth, call me.
Data provided by RE Report
For more information on Real Estate in the Sonoma County area please visit my webpage at:
http://www.winecountry-realestate.com/
For information on the Sonoma County area please visit
www.sonoma-county.org www.sonomacounty.com
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