Rising Market Values

Bay Area homes: prices up, sales down from 2015

The median price for single-family homes in the Bay Area jumped last month to a record $750,000, reflecting the region's red-hot demand for housing -- even as short supply drove down the number of homes sold. The new Bay Area high was up 7.1 percent from the year before and surpassed the nine-county region's previous record of $738,500, set in July 2007. In May 2015, the Bay Area median was $700,000.

 

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