April 30, 2012 Sonoma County Real Estate Stats Show Increasing Demand and Very Low Inventory of Homes for Sale
Something’s gotta give! Here is the full set of market statistics for the year in Sonoma County residential sales from April 1, 2011 through April 30, 2012. A short while ago I pointed out that April was one of the strongest months in years for newly opened escrows. At the current rate of sales we only have 1.6 months of inventory available which is indicative of a seller’s market. Indeed muliple offers at nearly all price points are the norm. They are no longer clustered in the entry level under $400,000 range. We are seeing offers and heavy activity in the $800,000 to $1,500,000 range as well! I’ll talk more in the next week about what this means for our real estate market, but for now I wanted to share with you the complete report for the last 13 months. Click through on the follow ing image to get all the details at my Scribd page.
Sonoma County Home Sales Report May 2012