As California Home Sales Fall, Prices Go Up

San Francisco HomeCalifornia home sales were down last month, plunging to the lowest level seen in January in seven years in the San Francisco Bay area, a research firm said Wednesday. But prices are still up over the same period last year.

An estimated 25,325 new and resale houses and condos sold in California – marking a 30.6 percent decline from the number sold the previous month and a 2 percent drop from January 2014 sales, according to data released by Irvine-based CoreLogic DataQuick.

The median price paid for a home in California of $376,000 was 6.5 percent above what it was a year ago but slightly less than it was in December.

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