According to the California Association of Realtors, the Median sales price of a San Francisco Bay Area home fell 2.8% last month (from $730k in August, to $710k in September). In addition, sales volume was down nearly 10% from the previous month and down over 8% year-over-year (yes, accounting for that dreaded seasonality).
Funny how some local industry sites choose to focus on either the more rosy year-over-year numbers (or worse, irrelevant national sales statistics). If you live in the Bay Area, the local statistics are what you should be watching (and mining for trends). As they say, past performance is no guarantee of future returns…
∙ Median California Home Prices And Sales Activity [C.A.R.]