May
18
San Francisco Area Home Prices Reach a Record While Sales Slip
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Median price in April rose 4.1% to $686,000, CoreLogic Says
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Low supply puts deals out of reach for many would-be buyers
Home prices in the San Francisco Bay area, the epicenter of the U.S. technology boom and housing-affordability crunch, hit an all-time high last month.
The median price paid in the nine-county swath of Northern California was $686,000 in April, up 4.1 percent from a year earlier, CoreLogic Inc. said in a statement Wednesday. The prior peak was $665,000, reached in mid-2007. House and condominium sales in the region — including Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma counties — totaled 7,518, down 7.3 percent from April 2015, according to the real estate information company…
San Francisco Area Home Prices Reach a Record While Sales Slip
