California Bay Area Home Sales Decline 13 Percent YoY in June

Here are some Bay Area stats from Pacific Union chief economist Selma Hepp: Are Bay Area Housing Markets Getting the Jitters? June's Median Price Growth Doesn't Suggest So. • Bay Area home sales dropped by 13 percent year over year in June. • Sales in Sonoma and Napa counties slowed by more than 20 percent, while activity in San Francisco, Marin, and Alameda counties declined by about 10 percent. • Sales of homes priced at less than $1 million fell at the fastest rate seen in two years, down by 28 percent, driven by 50 percent drops in San Mateo and Santa Clara counties. • Sales of homes......(read more)

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