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Home Sales Slowed in Alameda County in February

Home sales slowed in Alameda County in February. (East Bay Real Estate Directory)

Home sales slowed in Alameda County in February. (East Bay Real Estate Directory)

The pace of home sales slowed in Alameda County, and across the state, in February, according to the California Association of Realtors.

The number of pre-existing single family homes sold in Alameda County in February fell ten percent compared to the prior month, and 14.7 percent compared to the same month in 2013.

Statewide, sales slipped 0.7 percent compared to January, and 13.7 percent compared to February in 2013.

The median sales price in Alameda County was up, however, 4.4 percent from January to February, to $627,550. That figure was 22.6 percent higher than the reported median in February of 2013.

Higher interest rates and higher prices have slowed the pace of sales, in turn increasing the inventory of homes on the market.

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