American Canyon home sales remained steady through the first eight months of 2018. A total of 94 home sales were reported to the local multiple listing service, Bay Area Real Estate Information Services. In the same period for last year, total sales were 99 homes.
The average sale price in 2018 was $538,589, an increase of 6.1 percent over the 2017 average sale price of $507,540. Homes sold quicker in 2018 with an average of 46 days on market, down nine days from the 2017 total of 55 days.
At the time of writing, there were 34 homes for sale in American Canyon. This is the most the city has seen in many months, and it shows how the market is changing as homes are taking longer to sell.
There have not been more than 30 homes in inventory in American Canyon since late 2011 when the market was at its lowest point.