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Bay Area Home Prices Take Midsummer Dip

Bay Area Home Prices Take Midsummer Dip

Home prices fell from June to July across the nine-county Bay Area, the first time since January that our region has experienced a month-over-month decline.

According to a just-released report from the California Association of Realtors, the median price for a single-family home in the Bay Area dropped to $760,430 in July, down 1.4 percent from June. Month-over-month appreciation across the region reached a 2014 high of 7.3 percent in March and has since been declining.

Home prices softened on a monthly basis in five of nine Bay Area counties. San Francisco saw the largest month-over-month drops of 4.7 percent, followed by Santa Clara (-4.4 percent), Marin (-2.9 percent), Alameda (-2.8 percent), and San Mateo (-1.1 percent) counties.

For details, go to https://compasscaliforniablog.com/bay-area-home-prices-take-midsummer-dip

 

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