Bay Area home prices climb on strong demand, low supply

Bay Area home prices climb on strong demand, low supply

5 years ago
Anonymous $UzyKJJH9oy

https://www.mercurynews.com/2020/08/31/bay-area-home-prices-climb-on-strong-demand-low-supply/

Tight inventory and unstoppable buyers ignoring the economic drag of the Covid pandemic  pushed Bay Area median home prices to near-record levels in July.

Median home prices for single family homes in the Bay Area rose 8.6 percent, led by soaring prices in Contra Costa and San Mateo counties. The median sale price for an existing single family home in the nine county region in July was $950,000, according to real estate data firm DQNews, pushing highs not seen since early 2018.

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