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The median home price in the nine-county San Francisco Bay Area rose above $500,000 last month, nearly nine years after first topping that mark. (David Paul Morris / Bloomberg / December 19, 2012) |
Housing got even costlier in the San Francisco Bay Area last month.
For a 10th consecutive month, the median home price in the nine-county region rose year over year to hit $415,000, real estate firm DataQuick reported.
That was a 27.3% increase from the same month last year, though a 6.3% decline from the prior month.
The region posted its strongest January sales pace in six years, popping up 3.2% from the prior month.
A total of 5,501 newly built and previously owned houses and condominiums sold last month.
Foreclosures and short sales made up just over a third of the market last month.
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