Matthew Tarr, a broker associate for RE/MAX Pros, reports that home sales rose in November in Rohnert Park and Cotati, but the median price dipped for single-family houses.
The Bay Area’s median home price slid 4 percent in October amid what analysts described as lackluster sales activity. The median price for all houses and condos dropped to $350,000 from $365,000 in September, according to real estate information service DataQuick of San Diego. The price was the lowest in eight months and down nearly 9 percent from a year ago.
Sonoma County’s median home price dipped to its lowest level in over two and a half years in October as investors scooped up large numbers of financially distressed properties.
Single-family home construction is expected to reach a new low for the U.S. this year, the National Association of Home Builders said Wednesday. The Press Democrat is preparing a story for this Sunday on the local home building industry.