Looks like home sales in our area were up the last couple of months, despite the rest of the country seeing a decrease. The median price in the immediate east bay jumped to its highest level in almost four years. This is due in part to super-low interest rates, pre-approval guidelines opening up, and no inventory.
The median price paid for all new and resale houses and condos sold in the nine-county Bay Area last month was $417,000. That was up 4.3 percent from $400,000 in May, and up 10.4 percent from $377,750 in June 2011, according to San Diego-based DataQuick.
Last month’s median for all Bay Area counties was the highest since it was $447,000 in August 2008.
Check out what is happening locally: