04/19/2024

Seller’s market? Bay Area home sales slip, but prices soar

Declining Bay Area home sales last month made it the most sluggish February in nine years, but prices jumped sharply as buyers bid on a shrinking supply of single-family homes.

Prices soared 11.4 percent higher across the nine-county region compared with the same month of the prior year, reaching a median price of $675,000 — the largest such increase in more than a year.

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