Real Estate Roundup: Bay Area Home Prices Relax in Q3

Bay Area Prices Relax

Bay Area homes are still the most expensive in the U.S., but prices cooled down a bit in the most recent quarter, new data says.

According to the National Association of Realtors’ third-quarter report, the median price for a single-family home in the San Jose metro area was $860,000, the highest in the nation. San Francisco was the country’s second most expensive market, with a median sales price of $744,400.

While there’s no arguing that Bay Area homes don’t come cheap, median prices have at least slightly tapered from the second quarter, when they were $899,500 in San Jose and $769,600 in San Francisco. On an annual basis, home prices were up about 7 percent in both metro areas in the third quarter.

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