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BAY AREA HOME PRICES REMAIN HIGH DESPITE MORE SALES

NEWS Desk Global



More houses are selling in the Bay Area, but prices for those homes are still near record highs. Buyers are buying and for sale signs are coming down."Recently had one that was on for over 100 days, then three offers on that property. That was yesterday," said realtor Holly Barr. But there's still not a whole lot of homes to choose from. RE/MAX says that's why prices are still high."And there's still a pent-up demand, there's still a lack of inventory," said broker Tim Lee. "We're still seeing across the Bay Area, homes that priced right are selling at 100%, or 101, 103% of asking."

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