That's a gain of 3.1% from the previous month (February).
For the the same time last year the median rise is 2.1% (March 2006 - March 2007).
March figures tend to be higher than February as the traditional buying season tends to kick into gear with the coming of Spring.
The latest data included the 9 Bay Area Counties:
- Alameda
- Contra Costa
- Marin
- Napa
- Santa Clara
- San Francisco
- San Mateo
- Solano
- Sonoma
Looking at the year over year numbers the biggest median winner was in Alameda County with a gain of 3.1%.
The biggest median loser was in Napa County with a loss of 9.2%.
Contra Costa County weighed in with a median price in March 2007 of $575,000, up .6% from a year ago.
The "Median" price refers to the the point at which there are an equal number of homes selling above and below that point.
With traditional mortgage rates relatively low, experts are looking for increasing sales in the coming months.
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