Record Annual Gain for Bay Area Median Home Sale Price; Sales Dip Again
July 18, 2013
La Jolla, CA.–The median price paid for a Bay Area home rose at its fastest pace on record in June, the result of disappearing distress sales, an improving economy, and mortgage rates that, while up off bottom, remain very low. The number of transactions fell as a slow-growing supply of homes for sale continued to fall short of demand and purchases by cash and investor buyers eased, a real estate information service reported.
The median price paid for a home in the nine-county Bay Area last month was $555,000, the highest since it was $587,500 in December 2007. Last month’s median was up 6.9 percent from $519,000 in May, and up 33.1 percent from $417,000 in June 2012, according to San Diego-based DataQuick. (更多…)