Bay Area home sales slowest in 11 years

“Home sales in the Bay Area fell for the 24th month in a row in January as prices slipped to their lowest level in a year and a half, a real estate information service reported Thursday. A total of 6,168 new and resale houses and condos sold in the nine-county Bay Area last month. That was down 26.3 percent from 8,372 in December, and down 4.1 percent from 6,434 for January last year, according to DataQuick Information Systems. A decline from December to January is normal for the season. Sales last month were the lowest for any January since 1996 when 5,504 homes were sold.”