California Bay Area home sales hit 5-year high

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Home sales at 16-year high / Bay Area prices keep breaking. – Home sales at 16-year high / Bay Area prices keep breaking records — median hits $545,000 Bay Area home buyers went on a binge in June, pushing prices and sales counts — not to mention monthly.

Bay Area Home Prices Near All-Time High as Sales Jump – SOUTH SAN FRANCISCO, CA – The number of Bay Area homes sold in March hit a five-year high, with the region’s median sales price creeping up towards last summer’s all-time high, according to real.

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The region racked up the most home sales in July for any month in almost seven years, reaching pre-recession highs. And the luxury market around the Bay was particularly strong with double-digit year-over-year sales increases – as high as 76% in the East Bay.

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California home sales started off 2019 with a whimper, 12% lower year-to-date as of March. This continues a consistent decline in year-over-year sales volume that began in mid-2018. Sales volume ended 2018 4.3% below 2017, amounting to 19,900 fewer sales. In contrast, 2017 home sales volume ended the year with just 3,800 more sales than in 2016.

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This whole week, Bay Curious is exploring the 11 statewide propositions on the California ballot for a mini-series. tax bills were going up as the value of their homes went up. NEWS CLIP: Inflation.

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