February saw California home sales increase by 11.3 percent over January – the lowest level in sales in over 10 years – and many analysts are looking for the trend to continue this spring. According to the California Association of Realtors, February’s numbers were the highest growth in sales since January 2011.
Analysts say lower interest rates stabilizing home prices were the prime factors in the sales jump. Overall, the nine Bay Area counties saw a slight decrease in home prices.
Also, the Bay Area saw a 41.9 increase in active listings and realtors are expecting continued buyer interest into the spring.