According to MDA DataQuick, the median price for both new and resale homes and condos in the Bay Area stood at a 53-month low of $470,000, compared with $665,000 a year ago, a slide of 29.3 percent. For resale homes, the median was $485,000, a 34.3 percent drop from last July's $738,500.No word yet from the National Association of Realtors on this one.
Wednesday, August 20, 2008
Foreclosures smack S.F. Area home prices - down 29.3%
The San Francisco Chronicle reports:
