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Video Series with Mike Kelly & Toni Esposti

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On this week’s show: April Sales and Market Activity–Flat, lack-luster here in Sonoma County.

Here are Sonoma County April Sales information. Big take-aways? Lack of inventory but increasing, Median home price up “only” 6% over last year. 1.5 Month’s Supply of Inventory (4-6 months is considered “normal”.

MSI

Average Days on the market is a remarkable 42 days. Note how this number has been dropping. Blame low inventory and big Buyer demand due to historically LOW interest rates in the upper 3% range.

AverageDOM

Homes for sale by month is down -10% over last year–c’mon–let’s get those homes on the market!

ForSaleProp

New properties coming to the market is down slightly.

NewProperties

Indicator of future activity is the “Under Contract” properties down -5% over last year. Hmmmm?

UC

Sold Properties by month is down -13%. This with historically low rates? Price wall happening?

SoldsMay

Median Home price shows dramatic slowing of higher price activity.

Medianhomepricemay

 

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