San Francisco Bay area home prices climb in May

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 6/12/2014 1:25 pm

SAN DIEGO (AP) — A research firm says San Francisco Bay area home prices rose to a new 6½-year high last month as tight inventories kept a lid on sales.

DataQuick said Thursday that the median sales price for new and existing houses and condominiums was $617,000 in May, up 1 percent from $610,000 the previous month and up 19 percent from $519,000 the same period last year. The median rose from a year earlier for the 26th straight month to the highest level since November 2007, though the increases have moderated since last summer.

There were nearly 7,900 homes sold in the nine-county region, up 5 percent from April but down 8 percent from last year. Sales typically pick up between April and May.

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!

Featured Segments/Shows

All content © Copyright 2015 Intermountain West Communications, LLC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.