📊 Sonoma County Market Update: Key Housing Trends
“April prepares her green traffic light and the world thinks Go.” – Christopher Morley
Spring has officially sprung in Sonoma County!
The days are longer, the hills are greener, and the real estate market is beginning to wake up from its winter nap.
While some buyers are still navigating affordability and rate adjustments, many are re-entering the market with fresh energy—and more inventory means more opportunity all around.
🌿 Spring in Sonoma County: Local Events, Market Insights & Tax Tips!
Spring is just around the corner here in beautiful Sonoma County, and with it comes fresh opportunities, vibrant local events, and a renewed focus on our homes.
As we move into 2025, Sonoma County’s real estate market reflects a changing landscape, with year-over-year shifts in pricing, inventory, and buyer activity shaping the market.
As your resource for all things Sonoma County real estate—from horse and country property to homes and condos in town—I’m excited to share the latest market updates, emerging trends, and helpful financial tips.
📊 New Year Real Estate Highlights & Wildfire Relief
Welcome to a new year! I must confess I’ve been a bit slow to embrace 2025, hence the late timing of this email. With everything going on, it seemed appropriate to allow some time for rest and reflection before jumping in.
How are things in your world?
In regards to Sonoma County real estate, so far it’s been a slow start. The typical holiday slowdown seemed to linger a bit longer, but market activity is starting to pick up. I am interested to see what trends are revealed when we get the January stats next month.
🎄 Holiday Fun + Changes to the Sonoma County Market
“Times, they are a-changin’.” – Bob Dylan
This sentiment rings true as we navigate the twists and turns of Sonoma County’s real estate market. November’s data paints a picture of both opportunities and challenges, prompting buyers and sellers alike to reassess their strategies heading into the new year.
Home sales surged in October, just before mortgage rates jumped 📈
“The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go.” – J.P.
October was certainly a busy month for market activity!
Across the state, we saw a year-over-year increase in the number of available homes for sale (+23.2%) and the number sold (+12.5%). The average time on the market continues to hover at just a bit above one month (36 days).
We see these increased inventory numbers reflected locally in many areas, with double-digit percentage increases in available homes for sale.
Should you stay or should you go? 🏁
“So you got to let me know. Should I stay or should I go?” – The Clash
This question seems to be on everyone’s minds regarding the real estate market.
Should I hold out for higher prices (sellers) or lower prices (buyers)?
Should I wait until after the election, after the new year, or after spring begins before buying/selling?
Should I wait and see if interest rates come down further?
The answer to all these questions is: It depends.
It’s finally happening – mortgage rates dip below 6%!
The end of the summer season is bringing some sunnier news on mortgage rates. ☀️
We were hoping to see rates on the 30-year mortgage dip below 6.5% this month, but we got something even better. The 30-year mortgage rate has fallen again, now reaching a 19-month low at 6.05%.
Mortgage rates are finally down! 📉
“Every move signifies a fresh start, a chance to decorate your life with new experiences and make new memories in a new place.”
Mortgage rates have dropped this month to their lowest level in 15 months in anticipation of growing consensus that the Fed will cut rates soon. Maybe it’s finally time to make a move?
What’s New With the NAR Settlement?
I understand many of my clients are curious about how the NAR settlement will alter the upcoming housing market. So, I wanted to shed a little light on the situation.
Sonoma County Housing Market Update & Predictions For 2024: What’s Happening With Rates, Prices & Inventory?
Are you wondering what’s going on with Sonoma County real estate this year? Our market is always evolving, so it’s important to stay up-to-date if you’re eager to achieve your real estate goals. From declining sales to interest rates and inflation, let’s take a look at the real estate trends that are shaping our market and what’s to come the rest of the year.