Friday, March 14, 2008

Bay Area home sales remain at two-decade low


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clipped from www.dqnews.com
The waiting game between Bay Area buyers, sellers and lending
institutions continued last month as sales dipped below 4,000 for the second
month in a row, a real estate information service reported.

January and February are the two slowest months in DataQuick's statistics, which
go back to 1988. They are the only months with sales below 4,000.

A total of 3,989 new and resale houses and condos sold in the nine- county Bay
Area in February. That was up 11.2 percent from 3,586 in January, and down 36.7
percent from 6,305 for February 2007
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