Bay Area housing market had dismal December, chipping away at confidence

Bay Area home sales plummeted by 22 percent in December, marking the largest year-over-year decline in sales of for any month since at least 2016.

Price surges early in 2018 followed by political and economic uncertainties at the end of the year discouraged prospective buyers, according to the latest report from Compass Real Estate. In spite of another unusually large year-over-year decline in September, overall sales activity for the year finished at a one percent increase from 2017.

“The early…

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