Bay Area housing prices are finally falling, declining last month for the first time in more than four years.We've only just begun....
The median price of a home in the nine Bay Area counties slipped .8 percent to $611,000 in September from a year earlier in the nine-county region, according to the DataQuick real estate information service. That figure includes both single-family houses and condos.
A build up of inventory and an increase in the supply of low-priced condos in the East Bay dragged down prices, said John Karevoll, an analyst at DataQuick. The price of new homes fell 12.3 percent in September, which pulled down the Bay Area median.
10.17.2006
Let's get this party started!
Bay housing prices fall .8 percent:
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