Bay Area home sales cool … slightly

Bay Area home prices dipped in August … to a cool $1.1 million median price, down 6 percent. However, keeping things in context, this is an increase of 12.8 percent over August of last year.

While prices were down slightly, overall sales were up 15 percent over last year. The trend continues to be towards the suburbs as residents leave the big cities for larger homes where they can work remotely.

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