Bay Area housing market weakens in October


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The Bay Area’s housing market weakened in October with sales slumping and prices falling.

Sales of all condominiums and houses fell 3.3% from September and 22.8% from October 2009 to 6,122, according to San Diego real estate research firm MDA DataQuick.

It was the slowest sales pace for any October since 2007 and the second-slowest October since DataQuick began tracking sales in 1988.

The median Bay Area home price was $395,000 in October, a 3% decline from September and a 1.8% drop from October 2009.


-- Alejandro Lazo