Despite a wet winter, the Santa Rosa real estate market is showing signs of early spring activity. January saw a surge in new home listings, up 26% compared to last year, the first increase in three years. Pending home sales also rose, indicating growing buyer enthusiasm.
While some areas saw a temporary increase in the Months’ Supply of Inventory, a measure of market balance, experts predict this will drop sharply in February. Northeast Santa Rosa saw a slight dip in sales, while Northwest Santa Rosa experienced a significant increase in new listings. Oakmont saw a dramatic rise in pending sales.
Overall, real estate professionals are optimistic that 2025 will bring a more active market with increased inventory and buyer demand, potentially leading to multiple offers on properties.
