Home sales in the Bay Area and the Los Angeles-San Diego region increased in August, according to real estate information company DataQuick, a La Jolla-based subsidiary of TPG Capital of Fort Worth, Texas.
But the increase was less than robust. “The pace was still well below average,” DataQuick says. The company did not release figures for other parts of California, including the Central Valley.
In the Bay Area, the median price paid for a home dropped below the year-ago level for the 11th consecutive month as distressed property sales claimed around half of the resale market, according to DataQuick.
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