San Francisco, CA (PRWEB) August 23, 2007
eFinanceDirectory.com (http://efinancedirectory.com), a news hub for real estate and mortgage markets, released an updated San Francisco Bay Area Housing Market Report detailing July home sales, foreclosure activity, and median home price changes in the San Francisco Bay Area.
According to the report, indicators of market distress were still evident last month. Homes sold at the slowest pace seen since 1995. Sales activity for all homes was down in every county except San Francisco. Solano County and Napa County saw the biggest drops; in a year-over-year comparison, sales declined 36.7 percent and 38.4 percent respectively.
Overall, median prices in the San Francisco Bay Area remained flat. There was, however, an annual increase of 13.9 percent in Marin County, and an annual decrease of 9.8 percent in Solano County and 4.1 percent in Sonoma County.
Unlike sales and prices, foreclosure activity increased significantly year-over-year within the Bay Area region. Still, foreclosure properties only accounted for 4.5 of the sales.
Note to Editors:
The full San Francisco Bay Area Housing Market Report, including data charts, can be viewed at: http://efinancedirectory.com/articles/San_Francisco_Bay_Area_Home_Sales%3A_Slowest_Pace_Since_1995.html
Other housing news for the Northern California area is viewable at:
eFinanceDirectory.com is an online news hub dedicated to providing reliable information about real estate, mortgage financing, and property investment. The company currently focuses on publishing unbiased daily news stories that relate to the U.S. housing market.