San Francisco Bay Area Home Prices Climb to 22-Month High
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Home prices in the San Francisco Bay Area rose to a 22-month high in May as more expensive properties made up a greater portion of sales, DataQuick said.
The median price for houses and condominiums in the nine-county Bay Area increased to $400,000, up 2.6 percent from April and 7.5 percent from May 2011, the San Diego-based data seller said today in a statement. Almost 39 percent of purchases exceeded $500,000, the most since August 2010.