NEW MEDIAN HOME PRICE RECORD FOR SONOMA COUNTY--Really?
Here in the super-tight inventory market of Sonoma County, a new median home price record doesn't surprise anyone--or it shouldn't! With only 247 Sales in February, expected as this IS Winter and inventory is scarce, one expects the Median Home Price to be easily manipulated. I'll give the larger sales months more credibility when it comes to a big median home price. But no denying this market has roared back from the scary post crash years. Our bottom or trough was 2009 which was a few years before the statewide trough. It will now cost you more in interest rates, income needed to qualify and down payment.