Last monthÃ¢â‚¬â„¢s Bay Area home sales were the slowest for a December in six years, the result of a constrained supply of homes for sale. Prices continued to rise on a year-over-year basis, although at a slower pace than earlier in 2013, a real estate information service reported.
In Contra Costa County, home sales decreased 23.1 percent from December 2012 to December 2013, but the median price rose to $405,000, a 21.4 percent increase.
A total of 6,714 new and resale houses and condos sold in the nine-county Bay Area last month. That was the lowest for any December since 2007, when 5,065 homes sold. Last monthÃ¢â‚¬â„¢s sales were up 0.8 percent from 6,659 in November, and down 12.7 percent from 7,688 in December 2012, according to San Diego-based DataQuick.
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