Going up…

Even with the pandemic and struggling economy, Bay Area home prices rose 13 percent in December from the the previous year with the median price sitting at a cool $935,000. Contra Costa homes rose 18 percent to $725,000 while Alameda County saw median home prices at over $1 million for the sixth consecutive month.

Continued low interest rates coupled with slim inventory and high demand are driving up prices, according to analysts. Most don;t see the situation changing anytime soon.

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