Ten hours later and this is already old news, but for those of you who missed it, DataQuick reported Bay Area sales stats for March this morning.
For the Bay Area, the “median price paid for a Bay Area home was $622,000 last month. That was up 1.0 percent from February’s $616,000, and up 9.5 percent from $568,000 for March a year ago. The median peaked at $625,000 last November. Last month’s year-over-year increase was the first time was below 10 percent since prices rose 9.7 percent to $443,000 in January 2004.” March sales (9,745) were up from February (6,206) but down 13.8% as compared to March 2005.
For San Francisco, the median sales price was $763,000 in March, up 4.1% from February ($733,000), and up 9.6% year-over-year. As expected, March sales volume (561) was up from February (385), but down 15.0% as compared to March 2005.
We’re saving our commentary (and insight) for Part 2.
Slowdown in Bay Area home sales, appreciation rate [DQNews]

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