Homes in Ruby Hill

Saturday, February 19, 2011

January home sales up, prices down

As compared to January 2010, home sales were up by 3.5% in Alameda county and by 1.3% in Contra Costa County, but prices went down by 9.6% and 6.7% respectively. Foreclosure sales as a percentage of total sales were 32.7% (36 % last year) in Alameda County and 44.9% (49.7% last year) in Contra Costa County.
Pending home sales were up by 34% in January this year as compared to last year in both counties, which is a very encouraging sign for the housing market.

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