October 19, 2021
Real Estate

Year-over-year comparisons – The Ukiah Daily Journal

By Gerrett Snedaker

In mid-March 2020, the COVID-19 pandemic was declared and all parties were told to “Shelter in Place.”  This basically shut down the residential real estate industry through the month of April 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 created last year. The closings of this year are more “normalized” than the closings of August 2020 so it will look like a “slow down” in an otherwise healthy market.

North Bay real estate trends for August 2021

For all of the areas covered by our Multiple Listing Service (BAREIS), which includes Lake, Marin, Mendocino, Napa, Solano and Sonoma Counties, there was an inventory of 2,064 homes and condominiums for sale at the end of August. Inventory is 10 percent below that of a year ago (2,795)…

Read full article here: www.ukiahdailyjournal.com