May 2025 - North Bay Market Insights

North Bay Market Insights | The Local Lowdown

At a Glance

• Median prices stayed mostly flat year-over-year in April.

• Inventory levels dropped sharply, with fewer new listings hitting the market.

• Homes are spending slightly more time on the market.

Stable Prices Amid Tight Supply
Single-family homes in Sonoma and Marin Counties showed small price gains (0.59% and 2.93%), while Solano and Napa experienced slight declines (under 1%). The region is balancing between steady demand and limited supply.

Inventory Declines as New Listings Slow
New listings are down nearly 30% year-over-year, leading to a 16.6% drop in active inventory compared to last April. Despite this, the number of homes sold stayed relatively steady, showing continued buyer interest.

Homes Are Taking a Bit Longer to Sell
In this low-inventory environment, homes are spending a bit more time on the market than last year, indicating buyers may be more deliberate. However, if inventory remains tight, the pace could pick up again soon.

Market Dynamics Vary by County
Napa County’s 6.2 months of supply signals a strong buyer’s market. Marin and Solano Counties lean toward sellers with 2.6 and 2.2 months supply, respectively. Sonoma sits near balanced at 3.1 months.

The Bottom Line
North Bay’s housing market is holding steady on prices amid shrinking inventory and longer market times. Buyers may find more opportunities in Napa, while sellers maintain an edge in Marin, Solano, and Sonoma. Staying informed and flexible is key in this nuanced market.