Comment on Bay Area Home Sales Fall Sharply

Bay Area Home Sales Fall Sharply

LA JOLLA, California (TheStreet) -- Bay Area homes sold at the second-slowest pace for an October in more than two decades, the result of lost government stimulus, tight credit for pricier homes and lingering concerns about jobs and the economy. The region's median sale price fell on a year-over-year basis for the first time in 13 months. A total of 6,122 new and resale houses and condos closed escrow in the nine-county Bay Area last month, down 3.3% from 6,334 in September and down 22.8% from 7,933 in October 2009, according to MDA DataQuick of San Diego, a real estate information service. ...

 

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