Home sales in San Francisco and the wider Bay Area plummeted in January, a sharp downturn that accelerated a trend that had developed over the previous eight months.
Sales in the nine-county Bay Area were the lowest for January in 11 years, totaling 3,857 units, according to CoreLogic, and 27.8 percent lower than in December.
The December-to-January sales drop was highest in San Francisco, at 34.4 percent, followed by a 30.1 percent drop in Alameda County.