Bay Area Home Prices Up AGAIN?
Friday, December 18, 2009
This must be a symptom of low supply and the fear the bottom has passed.
The median price of a home sold in the county rose 9.9 percent compared to a year ago to $494,400 in November, according to MDA Dataquick, the second straight month of year-to-year increases.
The number of homes sold also rose 47.2 percent to 1,649 in Santa Clara County.
“The latest stats show just how much the Bay Area market has changed in a year,” said John Walsh, MDA DataQuick president.
The question I hear most is…”Has the market bottomed out?”
If this price trend continues for another quarter I will answer Read the rest of this entry »
