Home sales plunge, prices flat
Thursday, November 16th, 2006The Bay Area home market continued to seek equilibrium in October, as prices stayed flat and the number of homes sold hovered at five-year lows, according to a report released Wednesday.
The median price for all homes in the nine-county region, including resale homes, condos and new homes, remained at $614,000 — the same as in October 2005. A total of 7,979 residential properties changed hands, down 24.1 percent from the 10,508 sold during the same month last year, according to DataQuick Information Systems, a real estate reporting service. It was the lowest number of October sales recorded since 2001.




investment property