The Local Lowdown

Quick Take:

• Single-family home prices remain relatively stable.

• June saw a steep drop in inventory due to fewer new listings.

• Homes are spending more time on the market compared to last year.
  
  

Stable Single-Family Prices, Volatile Condo Values

Single-family median sale prices in June rose +2.92% in Sonoma and +5.60% in Napa, but fell in Solano (-5.23%) and Marin (-5.35%). Condo pricing remains volatile, especially in Marin and Napa.

Inventory Drop-Off

From May to June, inventory fell nearly 20% month-over-month for both single-family homes and condos—driven by the slowest June for new listings in recent years.

Days on Market

Despite lower inventory, time on market increased—single-family homes spent 16–31% longer on market year-over-year across counties. This may reflect transaction lag and will be worth tracking in coming months.

Market Balance

Marin (2.8 months supply) and Solano (2.9 months) are near balanced. Sonoma (3.7 months) and Napa (7 months) are buyer’s markets. Condos across all counties remain in buyer’s market territory.

Bottom Line:

The North Bay’s single-family market is steady, but buyer leverage varies by county. With inventory sharply down, competition could pick up if new listings remain scarce.