S.F. Bay Area real estate sales fall from record highs

Sales of existing single-family detached homes dropped 25 percent in the Bay Area from second-quarter 2005 to second-quarter 2006, Prudential California Realty reported, while the inventory of active listings increased 34 percent.

The time on market for single-family detached homes increased from 27 days in second-quarter 2005 to 43 days in second-quarter 2005.

Median prices for single-family detached homes, meanwhile, grew from $741,657 in second-quarter 2005 to $789,914 in second-quarter 2006, a 7 percent gain.<

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