According to the California Association of Realtors, Bay Area median home prices gained 1.7% last month, and on a year-over-year basis remain up 6.1% (8.0% in San Francisco County). Not too surprisingly, Bay Area sales volume was relatively flat as compared to January (-0.4%) and sales volume continues to fall on a year-over-year basis (-12.3%). Overall, relatively in line with DQNews.
Trying to make sense of the seemingly contradictory ‘prices up, volume down, and inventory building’ stats? You’re not alone.
∙ February 2006 sales/price report [C.A.R.]
∙ February 2006 Median Home Prices [C.A.R.]
∙ San Francisco Sales Slide In February [SocketSite]
∙ It’s All About The Mix [SocketSite]