California Bay Area Home Sales Decline 8% YoY in October, Inventory up 21% YoY

Here are some Bay Area stats from Pacific Union chief economist Selma Hepp : • Bay Area home sales dipped by 8 percent year over year in October; however, the 19 percent increase from September was the highest monthly increase between September and October going back to 1990. • Santa Clara County and East Bay counties continued to lead the sales declines, while San Francisco activity remained steady on an annual basis. • Sales of higher priced homes -- $2 million-plus -- rebounded notably, up by 24 percent from October 2017 following a September drop. • Inventory grew by 21 percent year over......(read more)

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