Bay Area Real Estate: Same Old, Same Old

The latest home sales report from the California Association of Realtors should be strikingly familiar to anyone following Bay Area real estate over the last few years: prices up, inventory down.

To be specific, the median price for a single-family home in the nine-county Bay Area was $856,200 in August – an annual increase of 10.2 percent.

Eight of the nine Bay Area counties saw home prices increase from August, 2016. Only Solano County had a flat appreciation.

Inventory from August 2016 was down in all nine counties.

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