CNNMoney reports that while the median sales price of a U.S. home is up over ten percent (10.3%) year-over-year, it dropped 3.3% during the first quarter of 2006. And based on data from the California Association of Realtors, the median sales price in the San Francisco MSA (which includes Oakland and Fremont) was up 5% year-over-year for single-family homes (12.1% for condos and coops). We’ll wait for the DataQuick numbers before making any bold statements.
∙ Real estate cools down [CNNMoney]