Home sales rise in February
April 14th, 2010
From the Press Democrat:
Sonoma County home sales picked up in February, cutting into the supply of houses priced below $500,000, according to a report released Thursday.
It was the first monthly increase since October, said Rick Laws, manager of Coldwell Banker in Santa Rosa, which compiles data for The Press Democrat monthly housing report.
“There’s a very high level of demand,” he said. “The market is starving for good inventory.”
Buyers purchased 302 single-family homes in February, up nearly 18 percent from January. The median price was $350,000, slipping about 1 percent from the prior month.
