Bay Area Home Sales Up in March; Inventory Still Low

While March generally sees a boost in sales over the winter months – typically around a 45 percent increase – Bay Area home sales had a strong 60 increase in March 2017.

Prices increased 10 percent on a year-over-year basis and competitive bidding resulted in an increase in the number of homes selling over the asking price.

Inventory remains low, however, with the number of Bay Area homes for sale down nearly 8 percent from March 2016.

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