Holy Cow, Batman. Where did the inventory of Homes for Sale in Sonoma County go? Since the beginning of the year, we have experienced a huge spurt in buyer activity, primarily due to low interest rates and low prices. As a result, the current supply of available properties in Sonoma County is less than 2 months. In some areas, such as Rohnert Park/Cotati, we are down to less than one month.
If this keeps up, prices will start climbing as demand continues to be stronger than supply. It's too soon to tell, but maybe, just maybe, this is the beginning of a much needed reprieve for sellers in this area. It's starting to look like it's going to be a HOT summer.
Cynthia Larsen (707-332-2560) is an independent broker and owner of Safe Haven Realty in Sonoma County, California. Visit www.safehavenrealty.com to view available homes for sale and to learn more about this beautiful wine country destination.