Wine Country real estate trends during and after the pandemic – The Ukiah Daily Journal
by Gerrett Snedaker, Wine Country Group
After the March 2020 “Shelter in Place” enforcement, the residential real estate industry essentially shut down through the month of May 2020. The market then accelerated rapidly in May through October. Year over year statistical comparisons are therefore going to be skewed by these market aberrations.
North Bay Real Estate Trends for May 2021
For all of the areas covered by our Multiple Listing Service (BAREIS), which includes Lake, Marin, Mendocino, Napa, Solano and Sonoma Counties, there is an inventory of 1,804 homes and condominiums for sale at the end of May. Inventory is 43% below that of a year ago (3,151) and it is 10% ahead of the inventory last month (1,635). At times, the inventory has exceeded 10,000 homes in the BAREIS region. There were 1,924 sales for the month of May. This number is 17% above a year ago (1,640) and 6%…