Home Prices Start Year on Down Note

Local Market Trends San Francisco

The median price for single-family, re-sales homes plunged in January, falling to its lowest level since January 2008. The median price dropped 15.1% from December and was off 12.8% year-over-year.

Sales also dropped from December, but that hap- pens every year. Home sales were actually 19.8% higher than the year before. That’s the second month in a row home sales have been higher than the year before.

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