The current Napa real estate market is a story of price segments.

Prices have continued to rise in the under $750,000 market, with a year-on-year appreciation of 5.2%. From $750,000-$2,000,000 there is a 1.5% increase, but above $2,000,000 sold prices are down 3.1%.

Inventory is also stratified by price range: just 1.8 months for under $750,000; 2.9 months for $750,000 – $999,999; 6.9 months for $1,000,000-$1,999,999; and 16.6 months for $2,000,000+.

Simply put, the entry level market in Napa continues to be a strong sellers market, with low inventory and appreciating sold prices. The mid-level market, from $750,000 – $999,999, is also still a sellers market, but less so, with just 2.9 months of inventory; and the $1,000,000+ market is a different story, with 6.9 months inventory, and inventory levels and buyer leverage rising along with the price point.

Summary of the Numbers – August 2019*	Single Family Residences (SFR)	% Change         Year-over-Year	Condo/ Townhomes	% Change         Year-over-Year
Median Sales Price	$711,333	0.8%	$505,333	-2.3%
Average Days on Market	63	17%	58	15%
Months of Inventory	3.6	11%	3.1	65%
% of List Price Received	95%	-2.1%	97%	-0.7%
New Listings (#)	147	-1.6%	15	-15%
Homes Sold (#)	119	2.2%	12	-18%

*Rolling 3-month average compared to same period prior year