Bay Area housing market keeps sliding Median prices of both houses and condos fall in November
Friday, December 15th, 2006The Bay Area housing market showed further signs of weakness in November as home prices slipped for the second time in three months and the number of houses sold continued its slide, a new report says.
The median price of a home in the Bay Area’s nine counties, including new and old single-family houses and condos, dropped 1.4 percent last month to $616,000 from $625,000 in November 2005, according to DataQuick Information Systems. The price drop was the sharpest since a 2.1 percent decline in February 2002.
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