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Home Prices Rise While Sales Decline

As housing supply shrinks, San Francisco, San Jose and Oakland are the nation's three most competitive markets

November 16, 2017   --   The median price for a single-family home in the nine-county Bay Area region climbed to $892,720 - up 11.1 percent year-over-year - and eclipsed the prior record of $752,000 set in June 2016, even as short supply drove down the number of homes sold. In May 2015, the Bay Area median was $700,000.

In Santa Clara County, the median was $1,242,500, up 18.6 percent over last year.

 

Click here to read full article: As housing supply shrinks, San Francisco, San Jose and Oakland are nation's three most competitive markets

 

Bay Area homes: Bay Area home prices reach record highs, but sales tumble

May 24, 2017   --    The median price for a previously owned single-family home in the nine-county Bay Area region climbed to $800,000 — an all-time high — and eclipsed the prior record of $752,000 set in June 2016, even as short supply drove down the number of homes sold. In May 2015, the Bay Area median was $700,000.

The price for the typical previously owned home was $1,050,500 in Santa Clara County.

 

Click here to read full article: Bay Area home prices reach record highs, but sales tumble