Bay Area Home Prices Slowly Declining

According to CoreLogic, the median price for a Bay Area home in October was down 0.5 percent to $601,000 from $604,000 in September. However, this is an increase of 11.3 percent from $539,750 in October, 2013.

Home prices in the nine-county area prices reached a 2014 peak in June, 2014, with a median price of $618,000 with a small decline in every month since. Of course, prices are considerably higher on a year-over-year basis, even as the rate of appreciation is slowing every month.

Not surprisingly, San Francisco remains the strongest county with the median price at $999,250, down just a bit from the record $1 million mark it hit in June.

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