Existing-home sales may have been up ever-so slightly in California last month, but it certainly wasn’t the Bay Area helping to prop up the numbers.
According to the California Association of Realtors, the nine-county Bay Area saw sales fall by 38.1 percent last month compared to December 2022.
Marin County saw a 63 percent decline in sales month-over-month, while prices fell nearly 20 percent. The median sale price in Marin last month stood at $1,201,000.
San Mateo was still home to the priciest real estate sales, despite a 3 percent decline in median sale price to $1,625,000. Despite a sales decline, Santa Clara saw its median sale price rise by 3.5 percent to $1,530,000.
Outside of the Bay Area, sales weren’t much better in NorCal. Sacramento County saw a 32.1 percent month-over-month sales decline, while neighboring Placer County had a 30.2 percent sales drop.
Yolo County was one of the few California spots to see sales rise in January, with a reported 6.4 percent increase in existing-home sales. Glenn County also saw a 50 percent sales spike in January.
For more on Southern California’s January numbers, click here.