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Bay Area Home Sales Dip in November as Prices Continue to Rise

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California (Golden Gate Bridge)

Bay Area home sales dipped again in November, constrained by supply and market uncertainty amid mixed economic news. Prices continued their year-and-a-half-long upward march. Purchase and mortgage patterns are moving slowly but steadily toward long-term norms, according to San Diego-based DataQuick.

A total of 6,659 new and resale houses and condos sold in the nine-county Bay Area in November. That was down 12.3 percent from 7,595 in October and down 10.9 percent from 7,474 in November last year.Click to continue


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