After two straight years of soaring home prices, Bay Area homebuyers may finally be getting a little relief. While prices are still rising in most areas, the rate of increase has begun to level off into single digits on an annual basis, according to a new report released this month.
DataQuick, the La Jolla-based real estate information services firm, said the median sale price for new and existing homes in the region last month stayed at a three-month plateau at $617,000. That was down 0.2 percent from June’s median price but up 9.8 percent from the $562,000 median in July 2013. Continue reading “Market Watch – Bay Area’s Soaring Home Prices Finally Leveling Off”