CA: January Sees Slight Rise in Bay Area Home Sales

Bay Area home sales took their normal plunge from December last month but rose slightly from a year ago as prices edged lower. Although investors stayed quite active, many potential buyers and sellers continued to play a waiting game, while new-home sales dropped to the lowest level in more than two decades, a real estate information service reported.

A total of 4,966 new and resale houses and condos sold in the nine-county Bay Area last month. That was down 30.8 percent from 7,178 in December and up 2.3 percent from 4,853 in January 2010, according to San Diego-based DataQuick Information Systems.

A drop in sales from December to January is normal for the season, with the decline between those two months averaging 28.1 percent since 1988, when DataQuick’s statistics begin. Last month’s sales count was 19.2 percent below the January average of 6,148.
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