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Real Estate Market Snapshot - July 2026

National Trends & Data

Chart shows the federal funds rate falling to 3.63%, then a market forecast rising to 4.17% by January 2027.

Our Perspective -- The wave that can rock the boat in real estate markets is interest rates. The July Fed meeting voted to keep rates in place. Now the view turns to the September meeting where, as NBC reports, "Fed funds futures are pricing in a roughly 82% likelihood that the central bank lifts borrowing costs at its September policy meeting, according to CME’s FedWatch tool. A week ago, those odds sat below 53%."

Stacked mortgage-rate chart from 2013 to 2026, showing the changing shares of mortgages across five interest-rate ranges.

Our Perspective -- This is a fascinating chart showing the distribution of actualized interest rates for homeowners. Many want-to-be buyers have to weight the interest rate their leaving for the interest rate they'll walk into. This is impacting our "upgrade" buyers intra-county.

Sonoma County Trends & Data

Bar chart comparing monthly days on market for single-family homes and condos, June 2023 to June 2026.

Our Perspective -- Sonoma County is a very market specific landscape. Areas with greater 2nd home buyers have shown more resilience to market conditions than traditional live-work neighborhoods. This year, at the county average, we're seeing the days on market figure bob around 50 days through out 2026.

Chart of Sonoma County active listings and pending sales from January 2020 to July 2026; June 2026 inventory is 3.3 months.

Our Perspective -- Sonoma County data is showing comparable supply and pending rates as to 2025 - a year where price sensitive buyers took their time. Similar dynamics hold true in 2026.

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