Bay Area prices keep falling

Put together high mortgage rates, tech layoffs, and an uncertain economy and it all adds up to falling home prices in the Bay Area.

To be specific, the median price of existing single-family homes in the Bay Area stood at $1.08 in December 2022, an 11.5 percent reduction from November and a decrease of 9.6 percent from December 2021.Both of these declines were the largest in California.

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