SF Bay area homes post strong January sales

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 2/14/2013 11:55 am

SAN DIEGO (AP) — Northern California has posted its strongest home sales for January in six years but researchers say the market's still far from normal.

The San Diego-based firm DataQuick reports Thursday that about 5,500 homes were sold in the San Francisco Bay area last month, up more than 3 percent from January 2012.

The median price for a home in the nine-county region was $415,000. That was up more than 27 percent from the price a year earlier.

There were fewer sales of foreclosed homes and short sales, where the price was less than what was owed on the home. Sales also shifted away from low-cost homes to mid-market and move-up homes.

However, DataQuick President John Walsh says the mortgage market is still dysfunctional and it's only slowly moving toward normalcy.

 

©2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
NEWSCASTS ON DEMAND
WATCH OUR LIVE NEWSCAST

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.