Bay Area housing market heating up for summer

  • Santa Cruz home prices increased 16 percent annually in May 2016.
  • San Benito inventory increased 64 percent annually and 10 percent monthly in May 2016.
  • Prices are still on the rise in the two most expensive Bay Area markets reported, San Mateo and Santa Clara counties.

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Home prices are still on the rise in Bay Area counties, according to MLS Listings. All five counties that were measured posted an increase in median price on an annual basis in May, and all but one county saw increasing prices this May over April.