Recent existing single-family home sales activity suggests more buyers are seeking affordability and purchasing more inland properties in the Bay Area and Southern California. In March, year-over-year home sales activity was down in seven of the nine counties that comprise the Bay Area, with only Solano and Sonoma counties seeing an uptick in transactions, according to the California Association of Realtors. No surprise, Solano County is the Bay Area's most affordable region, with a median sales price of $376,420 as of this March. Last month the county saw a 10.8 percent year-over-year boost in sales, with prices up 9.1 percent compared to last March. Sales activity in Sonoma County was up 5 percent year-over-year last month, with the market experiencing a noticeable 14.7 percent increase in its median sales price ($596,090) during the same period. This sales price makes Sonoma the third most affordable county in the Bay Area. To the south, Los Angeles County's neig...
- In the Bay Area existing home sales activity is only up in Sonoma and Solano counties.
- Solano County is the Bay Area's most affordably housing region.
- San Bernardino County experienced a 12 percent year-over-year rise in sales activity this March.