Industry News

S.F. Bay Area real estate sales slide for eighth month

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San Francisco Bay Area home sales slowed in November while prices are still climbing compared to November 2004, a real estate information service reported today. A total of 9,717 new and resale houses and condos were sold in the region last month. That was down 7.5 percent from 10,508 for October, and down 10.8 percent from 10,897 for November last year, according to DataQuick Information Systems. DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, provides real estate information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. A decline from October to November is normal for the season, DataQuick reported. November's year-over-year decrease in November was the eighth in a row. Last year's sales count was the strongest for any November in DataQuick's statistics, which go back to 1988. Last month was the third-strongest November. "Today's Bay Area real estate market has all the characterist...