Bay Area Home Sales Rise In November; Prices Slide

SAN FRANCISCO (CBS/AP) –  A research firm says home sales rose last month in the San Francisco Bay area despite a lack of buyers for high-end properties.

DataQuick said Wednesday that more than 6,300 homes and condos sold in the nine-county region, up more than 3 percent from a year earlier. Sales slipped from October but not nearly as much the usual October-to-November swoon.

Prices fell again last month, marking the 14th straight annual decline. The median sale price was $363,500, down more than 4 percent from last year.

The San Diego-based research firm said slower sales for high-end homes contributed to the price decline.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

 

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