Bay Area Home Prices Continue to Rise

The median home price in the Bay Area is now $519,000

Thursday, Jun 13, 2013  |  Updated 11:20 AM PDT
View Comments (
)
|
Email
|
Print
Bay Area Home Prices Continue to Rise

Getty Images

A "sale pending" signs go up nearly has fast as the "for sale" sign out front of many Bay Area homes

advertisement

A research firm says San Francisco Bay area home prices posted a 12th straight month of double-digit price increases last month as sales fell.

DataQuick said Thursday that the median price for new and existing houses and condominiums reached $519,000 in May, up 30 percent from the same period last year. It is the 14th straight month of annual increases and the highest median since March 2008, when it was $536,000.
 
Tight supplies kept a lid on sales in the nine-county region. There were more than 8,500 homes sold, down 4 percent from last year. Sales dropped 14 percent in San Francisco and 11 percent in Alameda County.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Bay Area Proud
Bay Area Proud is NBC Bay... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out