According to DataQuick, July Bay Area home sales were down 11.9 percent from the month prior. Interesting, but not too surprising considering the typical summer real estate slowdown. Perhaps more telling, however, is the fact that San Francisco sales were down 21% compared to July of 2004 (i.e. apples to apples).
· Bay Area: Home sales and prices step back from peaks [DataQuick]
· Overheated Bay Area home sales take a breather in July [Chronicle]