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

Real estate brief

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

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.