SF Gate: Bay Area home-sales price rises (by Carolyn Said)

“Realtors, buyers and sellers report that an extremely limited supply of homes for sale continues to be the story of the day. ”It’s crazy,” said Glen Bell of Betters Homes & Gardens/Mason-McDuffie Real Estate in Berkeley. “In the 38 East Bay cities I track, we are sitting on an 18-day supply of homes for sale – typically it would be three or four months.” Right now, that 38-city area has 1,400 homes listed. Normally, it should have between 4,000 and 7,000 homes for sale, he said.”
Read more: http://www.sfchronicle.com/realestate/article/Bay-Area-home-sales-price-rises-4446763.php

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