2015 Recap
Nationally we saw
existing-home sales were up 7 percent in 2015, buoyed by strong household
formation (at about 1.4 million households formed in the past four quarters
ending in September) and strong job growth. Distressed sales fell in 2015, as
did sales to investors, international buyers, and second-home buyers.
Home prices: Home
prices edged up 5 percent to 7 percent nationwide in 2015. But the level of
price appreciation is still above a normal rate, mostly due to an imbalance in
the number of homes for-sale and high demand.
New-home sales
were up 13 percent in 2015. Most of the growth in new-home construction in
2015, however, was centered in apartment building rather than single-family
homes
Locally:
|
Napa 2014
|
Napa 2015
|
% Change
|
Sonoma 2014
|
Sonoma 2015
|
% Change
|
Solano 2014
|
Solano 2015
|
% Change
|
|
|
# Listings
|
1701
|
1826
|
7.3%
|
6122
|
6347
|
3.7%
|
5875
|
6488
|
10.4%
|
|
# Units sold
|
1292
|
1425
|
10.3%
|
5335
|
5497
|
3.0%
|
4670
|
5467
|
17.1%
|
|
Month of
Inventory
|
3.5
|
3.0
|
-14.1%
|
1.8
|
1.7
|
-4.2%
|
1.7
|
1.5
|
-7.5%
|
|
Median Price
|
522
|
571
|
9.4%
|
456
|
500
|
9.7%
|
306
|
339
|
10.7%
|
In our area, we
saw similar results to the Nation. Our home sales are up, but inventory is
still very tight. And our appreciation in the area is still above the national
averages.
-Kris
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