NAR reports: February existing-home sales declined from an upwardly revised January pace but are well above a year ago, while the median price posted a slight gain, according to the National Association of Realtors®. Sales were up in the Midwest and South, offset by declines in the Northeast and West. Total existing-home sales, which are completed transactions [...]

Bay Area home sales ticked up in February to the highest level in five years, though the total was still well-below average. The median price of Bay Area homes sold in February continued to decline. DataQuick reports: A total of 5,702 new and resale houses and condos sold in the nine-county Bay Area in February. [...]

Both the volume of existing home sales and the median home prices of Bay Area communities fell in January. Statewide, CAR reports: Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 517,740 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations [...]

The trend of increased sales volume but still lower prices continued in the Bay Area in January. This is counter-intuitive: usually price follows volume so prices should be showing more signs of stabilization. The fact that the median price is still falling illustrates that the increase in volume continues to be with the least-expensive, distressed [...]

Sales of existing homes rose in January from a downwardly-revised December. NAR reports: Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors®. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3 percent to [...]