Solano County is seeing a steady flow of listings and closings. There were about 1,500 active listings in September, only slightly below last year, while homes sold and pending sales both dipped modestly year over year. New listings edged up compared with a year ago, suggesting sellers are still bringing homes to market even as demand eases.
Prices are adjusting to this balance between supply and demand. The typical home value is down nearly 7 percent from a year earlier, and the median list price has slipped by a similar margin, putting Solano well below the statewide median sale price of roughly $753,000. At the same time, the average sale-to-list ratio is holding just under 100 percent, and about one in four homes is still selling above the asking price, even though that share has fallen from earlier this year.
Homes are taking a bit longer to sell, with the median days on market up sharply from August but roughly in line with last year. Months of supply has risen to 3.5, close to California overall, and the market is classified as a seller’s market, yet buyers have somewhat more negotiating room than they did in the spring. With these mixed signals on pricing, pace, and inventory, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands current conditions in Solano County.
