A report from the Press Democrat in California. "Buyers and sellers seem to think Sonoma County home prices finally have peaked, after doubling the past seven years. Sellers are putting more homes on the market this year, thinking prices won’t get better anytime soon, real estate agents and brokers said Monday. The new listings have ballooned the inventory of houses for sale in August to the most since 2011 and meant more choices for wary buyers, who are increasingly cautious about overpaying for a property. It all appears to indicate the county’s housing market is slowing."

"'The word out there is we’re starting to go down a little bit,' Berkshire Hathaway HomeServices agent Ingrid Mathews said of home prices. As a result, buyers are 'so skeptical.'"

"They bought 471 single-family homes in the county in August, a decline of nearly 10 percent from a year earlier, according to The Press Democrat’s monthly housing report compiled by Pacific Union International senior vice president Rick Laws. Buyers are making fewer offers, too, he said. As a result, more sellers are cutting prices, something rare here in recent years."

"Fresh home listings have increased 8 percent since the beginning of 2018. The increase has led to the largest inventory of homes on the market since 2011. The month of August ended with 1,138 single-family homes for sale, an increase of 36 percent from a year earlier."

"Glenn Gephart, general manager of Century 21 NorthBay Alliance in Santa Rosa, said another sign of the market’s slowdown is houses are taking longer to sell. Potential sellers are hearing about more price reductions, agents said, and many of them are wondering whether the pricing downturn will last during the next few years."

"Pat Provost, another Century 21 owner, said many sellers have concluded, 'If we’re going to sell, we should sell now.'"