Sacramento and Bay area home sales moving up
April 20, 2009 by admin
Filed under Positive Real Estate
Bay Area home sales rise for 7th month in a row
The number of homes sold in the Bay Area rose for the seventh month in a row in March, the result of continued bargain hunting and foreclosure-discounted communities. In Santa Clara County, 1,288 houses and condos were sold in March, just about 17 % higher than the same period a year ago. A total of 6,325 new and resale houses and condos closed escrow in the nine-county Bay Area last month. That was up 25.7% from 5,032 in February and up 29.1 % from 4,898 in March 2008, according to San Diego-based DataQuick.
Sacramento Home Sales Keep Increasing
For 12 straight months, home sales in the Sacramento area have exceeded those of the same month a year earlier. That’s a phenomenon typically associated with a housing market recovery – which then leads the broader economy out of trouble.
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