According to DataQuick, Bay Area home sales beat the year-ago mark for the sixth straight month in February as the winter market sizzled in many foreclosure-heavy inland areas offering the deepest discounts. The median price dipped below $300,000 for the first time since late 1999…..Last month 52% of all homes that resold in the Bay Area had been foreclosed on at some point in the prior 12 months, up from a revised 51.9% in January and 22.3% a year ago…Indicators of market distress continue to move in different directions. Foreclosure activity has waned recently but remains near record levels.
By editor Mar 19, 2009, 12:54 PM
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