If you’ve been watching the Sonoma County housing market, you’re not alone. Many buyers are asking the same question right now: Is this the right time to buy, or should I wait? The short answer is—it depends on your situation, but for many buyers, this market offers opportunities we haven’t seen in years.
Let’s break down what’s really happening and how to decide if now makes sense for you.
What’s Happening in the Sonoma County Market Right Now
Over the past year, the market has shifted from the fast-paced frenzy we saw earlier in the decade. Homes are spending more time on the market, inventory has increased in many Sonoma County cities, and buyers are no longer competing in bidding wars on every property.
This shift has given buyers something valuable back: choice and negotiating power. In many cases, buyers are able to negotiate price reductions, seller credits for closing costs, and even interest rate buydowns—options that were rare just a couple of years ago.
Are Home Prices Dropping?
While we’re not seeing dramatic price crashes, price growth has leveled off, and some areas are experiencing small price adjustments. This is especially true for homes that are overpriced or need updates.
Well-priced, move-in-ready homes are still selling, but buyers now have time to think, tour multiple properties, and make informed decisions rather than rushing into offers.
What About Interest Rates?
Interest rates are higher than they were a few years ago, which has caused many buyers to pause. However, rates don’t tell the whole story. Today’s buyers can often negotiate seller credits to help lower their monthly payment, and refinancing later is always an option if rates come down.
Many buyers are finding that buying now at a lower purchase price and refinancing later can be a smarter long-term strategy than waiting for rates to drop while prices rise again.
Who Buying Now Makes Sense For
Buying now may be a good move if you:
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Plan to stay in the home for several years
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Want more negotiating leverage
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Are tired of rising rents
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Prefer less competition and fewer bidding wars
For these buyers, today’s market can feel calmer, more predictable, and less stressful than in recent years.
The Bottom Line
There is no one-size-fits-all answer, but Sonoma County buyers today have more options and flexibility than they’ve had in a long time. The best time to buy isn’t about timing the market perfectly—it’s about timing your life.
If you’re curious what buying looks like in your specific price range or neighborhood, I’m always happy to break it down with real numbers and local insight—no pressure, just information.
