Here's a little snapshot of what's going on in the real estate market:
💰 The current 30-year fixed rate mortgage average in the U.S. is 6.51%, up 0.15% from last week and down 0.35% from this time last year. (Freddie Mac, 5/22/2026)
💰 In Sonoma Valley, the number of active listings in April was 215, up 5% from April 2025. The SFR median sales price was $1.29M, down 8% from April 2025. The number of sold listings in April was 52, up 136% from April 2025. (BAREIS)
💰 In Napa County, the number of active listings in April was 497, down 2% from April 2025. The SFR median sales price was $915K, down 3% from April 2025. The number of sold listings in April was 68, up 13% from April 2025. (BAREIS)
💰 The California FAIR Plan — the state’s high-cost, bare-bones fire insurance of last resort — is raising rates 29%, on average, starting mid-October. The California Department of Insurance approved that increase just last month. (ABC 10)
The good news is that the state’s recent insurance reform is bringing insurance companies back to California. (C.A.R.)
Now is a good time to call your insurance agent because you might have more options now.
Don't hesitate to reach out if you have questions about navigating the current real estate market. I'm here for you!
Audrey Krafft, Sonoma & Napa Real Estate
REALTOR®, DRE 02208035
707-853-4563 | audrey.krafft@compass.com