Market Updates

Sonoma County Third Quarter Market Report

October 22, 2018

Sonoma Q3 - 2018

Comparing the third quarter of 2018 to the same period in 2017, new sales are down 2%, new listings are down 4.3%, and the average sales price is up 11%. So, with inventories dropping twice as fast as sales, prices have skyrocketed. The soaring prices in this deteriorating market are due to lack of inventory – when supply is low and demand high, prices increase.

No Comments

    Leave a Reply