California Bay Area Home Sales Decline 17% YoY in November, Inventory up 27% YoY

From Pacific Union chief economist Selma Hepp: Bay Area Housing Inventory Again Posted a Solid Increase in November • Overall Bay Area home sales (single-family homes and condominiums) declined by 17 percent year over year in November, with all counties and price ranges posting decreases. • Year to date, total 2018 sales are 5 percent below last year; however, sales of homes priced higher than $1 million are still trending above 2017 levels. • Some communities - particularly Marin County's San Anselmo and a few others in San Mateo and Contra Costa counties - continued to post more sales......(read more)

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