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Bay Area February Home Sales Dip As Supply Remains Tight

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A sign stands in front of a home for sale in San Francisco (Justin Sullivan/Getty Images)

A sign stands in front of a home for sale in San Francisco (Justin Sullivan/Getty Images)

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SAN FRANCISCO (CBS/AP) – The real estate tracking firm DataQuick reported Thursday that  San Francisco Bay area home sales dipped in February compared to the previous month and the year-earlier period.

DataQuick said Wednesday that 5,404 new and resale houses and condos were sold in the nine-county region last month, down 1.8 percent from January and down 6.1 percent from February 2012.

Last month’s median price was $405,000, down 2.4 percent from January, but up 24.6 percent from a year earlier.

DataQuick said sales are generally flat from January to February.

County-by-county results are available on the DataQuick website.

(Copyright 2013 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

 

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