California Bay Area home sales hit 5-year high

SOUTH SAN FRANCISCO, CA – The number of Bay Area homes sold in March hit a five-year high, with the region’s median sales price creeping up towards last summer’s all-time high, according to real.

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The San francisco bay area, Sacramento and Central Valley areas, Central Coast and southern california posted year-over-year sales declines ranging from. In nominal terms the median hit an all-time.

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"I believe this summer, when the kids get out of school, we are going to see a real increase in Bay Area sales," he said. "We haven’t really seen the wave hit yet. square footage as her old home,

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The median sales price for a single-family home in the nine-county Bay Area climbed to $1,088,000, up by 16.4 percent from May 2017, marking the second straight month the region hit a new peak. home prices rose on an annual basis in all nine counties, ranging from 18.9 percent in Alameda County to 4.3 percent in Napa County.

The region racked up the most home sales in July for any month in almost seven years, reaching pre-recession highs. And the luxury market around the Bay was particularly strong with double-digit year-over-year sales increases – as high as 76% in the East Bay.

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