Median Home Price Falls $79,000
From Times Staff and Wire Reports
Another indication that the economy in Northern California isn’t what it used to be: The median price of a single-family home in ritzy Marin County plummeted $79,000 last month.
That’s the largest month-to-month decline in more than two years, according the county assessor’s office.
The May median was $620,000, down 11.3% from $699,000 in April. Industry analysts said it could be the first sign the housing market is softening.
However, the May median was still $10,000 higher than the May 2000 median price of $610,000.
