As of February 2020 Sonoma County Real Estate Market Results:
At present the market remains divided between listings that buyers find appealing and well-priced (which sell quickly) and listings that sit on the market for longer periods and require price reductions to sell. The difference, most probably, is a lack of preparation on the part of the seller to show the property at its best or pricing buyers find unreasonable.
What can we expect going into 2020? According to economist Ken Rosen at UC Berkeley we are looking at the Bay Area median price to remain basically flat, that is, within a 2% range either way. This means it would look very much like 2019. Nobody can accurately predict the future, but this report sounds much less sensational and more reasonable than others.
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