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by CareyBot

Southern California home sales jumped 26.9 percent and San Francisco Bay Area home sales rose 12.3 percent in November compared to the same month last year -- while median prices plunged 34.5 percent and 44.4 percent, respectively. That's according to data released this week by real estate research company DataQuick Information Systems. The sharpest San Francisco-area sales rise was in Contra Costa County, with sales leaping 61.9 percent year-over-year in November. That county also experienced the region's largest slide in the median sale price of all new and resale homes and condos -- down 44.4 percent. John Walsh, DataQuick president, noted that the "near free-fall" in the Bay Area's median price "certainly doesn't mean every home has seen its value plummet that ...