The Sonoma County housing market is red hot! According to the latest Press Democrat real estate report, the median home price in the county reached an all-time high of $780,000 in May, a jump of 16.5% from the same month last year.
Despite pandemic restrictions and continuing threat of wildfires, the local real estate market seems to be bulletproof, continuing to rise while other markets fluctuate.
Bolstered by a spike in sales of million-dollar homes and a historically low interest rate, the price is welcome news for sellers and disheartening for shoppers priced out of the local market.
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