Bay Area Home Sales Fall

By: AP Email
By: AP Email
A research firm says low inventories sent San Francisco Bay area home sales to the lowest level for any February in six years.

MGN Online

SAN DIEGO (AP) - A research firm says low inventories sent San Francisco Bay area home sales to the lowest level for any February in six years.

DataQuick said Thursday that just under 5,000 new and existing houses and condominiums sold in the nine-county region, down 8 percent from February 2013.

The median sales price was $540,000, up 3 percent from $525,000 the previous month and up 33 percent from $405,000 a year earlier. The median sales price has risen from year-ago levels for the last 23 months, including the last 16 months with annual gains above 20 percent.

DataQuick says it's still waiting for the huge price increases to translate into more homes on the market. It says lack of affordability and difficulty getting mortgages are also limiting sales.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 250202591 - kolotv.com/a?a=250202591