Industry NewsMarkets & Economy

S.F. Bay Area’s weak spot: home prices

Real estate brief
Published on Sep 19, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Although August home sales in the San Francisco Bay Area were only slightly lower than a year ago, the region's median home price plunged to lows not seen since January 2004, real estate information service DataQuick reported Thursday.

The nine-county region saw a total of 7,232 new and resale houses and condos sold last month, down 4.7 percent from 7,586 in July but just 0.9 percent lower than the 7,299 sales a year ago. An "average" August sees just over 10,000 sales.

Comments