Is Sonoma County's real estate market stabilizing?

Home sales remained strong in May and supplies continued to shrink, signs that Sonoma County’s housing market could be starting to stabilize, according to a new report.

But a new wave of foreclosures is looming on the horizon and one analyst warned that prices are not expected to hit bottom until the end of the year, at the earliest.

The region’s 412 homes sold in May was the highest for the month in four years, according to The Press Democrat real estate report prepared by Rick Laws with Coldwell Banker in Santa Rosa.

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