According to DataQuick, the median sales price for existing homes in San Francisco was $767,000 last month, up only 0.3% from $765,000 in May ’05. In addition, sales volume was down 10.3% as compared to the year prior (626 versus 698 sales) but did show signs of a seasonal up-tick as volume increased 26% as compared to April ’06 (497 sales).
For the greater Bay Area, the recorded median sales price in May was $631,000 (up 6.1% year-over-year) and sales volume was 9,064 (down 19.8% from May ’05 but up 8.4% from April ’06). While Marin, Napa, and Sonoma all recorded negative year-over-year price appreciation and sales volume growth.
∙ Bay Area home sales continue to drop, prices reach new peak [DQNews]
∙ SF Year-Over-Year Appreciation Now At 3.6% [SocketSite]
