Monthly Market Update - Napa County - August 2016

Monthly Market Update for Napa County
for the month of August 2016

Napa Market Update for August 2016
Napa County Monthly Market Update

Hi there!

Dallas Lehman here with Lehman Properties with your monthly Napa County Housing Update.

The number of active listings in August this year was 367, down 11% from last year and 3% from last month. Last month the active listings were up year over year, so it is far too early to tell if this is indicative of any market slow down or any predictable market trends. The median listing price stayed stable year over year, at approximately $960,000 in August 2016 and August 2015.

Home sales decreased 19% from last month, based on the number of units sold in August, but is only a minor 8% decrease year over year. The median sale price increased to $615,000 from $571,300 last year, but is down from $626,500 in July.

It is always important for us to look at the big picture when analyzing current Real Estate markets. 
With interest rates continuing to remain low, and growth in property values year over year, there are costs and benefits for both sellers and buyers to weigh in a market like this.

I hope you have found this information useful. If you have any questions, or would like a free consultation to find out what your options are, please call or text me at 707-549-6919 or email me anytime at dallas@lehmanpropertiesnapa.com.

Have an amazing day and I will see you next month with September's Housing Update!

Sincerely,
Your Realtor,
Dallas Lehman
Lehman Properties
www.lehmanpropertiesnapa.com
BRE#01871069

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