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Bay Area home sales remain strong, even with COVID uncertainties

By LOUIS HANSEN | | Bay Area News Group

PUBLISHED: September 14, 2021 at 6:10 a.m. | UPDATED: September 14, 2021 at 6:12 a.m.

Bay Area home prices and sales continue to rise, even as buyers take time out for summer vacations and the new COVID-19 surge brings uncertainty to the economy.

Median prices for an existing home rose 22% to $1.16 million in July from the previous year, led by strong demand in Alameda, Santa Clara and Contra Costa counties, according to CoreLogic data. Year-over-year prices increased in every Bay Area county, including by double digits in seven of the nine counties. But monthly price dips between June and July in four counties, including Santa Clara and Contra Costa, suggest at least a seasonal slowdown.

Read the full article here.


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