By Carolyn Said
Published in San Francisco Chronicle
March 19, 2010
The volume of Bay Area home sales dipped in February compared with a year ago, while the median price continued to rise, according to a real estate report released on Thursday. “The increase in the median reflects just how odd things were a year ago,” said Andrew LePage, an analyst with MDA DataQuick, a San Diego research firm. “Over half of the resales (then) were foreclosures, and the less expensive inland counties had an unusually high portion of the sales. With the more expensive counties now contributing more sales, it’s easy to post a double-digit increase in the median price. It does not reflect a 20 percent appreciation in the typical home.”
