SFGate: Bay Area Home Sales, Prices Surging

“Sale prices of Bay Area homes surged in 2012 at a pace that accelerated throughout the year, according to DataQuick, a San Diego research firm. In December the nine-county median rose to $442,750, an astounding 32 percent increase compared with the prior year – the highest jump in 25 years of record keeping, DataQuick said Wednesday.”

“December marked “the 20th consecutive month of a decline in inventory,” said Glen Bell of Better Homes and Gardens Mason McDuffie Real Estate, speaking of data for Alameda and Contra Costa counties.”

Read more: http://www.sfgate.com/realestate/article/Bay-Area-home-sales-prices-surging-4200912.php#ixzz2JRXZnyuK

 

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