Bay Area home prices drop in November, sales at 5-year low - Silicon Valley/San Jose Business Journal:

Bay Area home prices drop in November, sales at 5-year low - Silicon Valley/San Jose Business Journal:: "Silicon Valley/San Jose Business Journal - December 14, 2006
http://sanjose.bizjournals.com/sanjose/stories/2006/12/11/daily46.html

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Bay Area home prices drop in November, sales at 5-year low
Silicon Valley/San Jose Business Journal - 10:19 AM PST Thursday

Bay Area home prices dropped in November below year-ago levels for the second time in the past three months, a real estate information service reported Thursday.

DataQuick Information Systems said sales held steady at a five-year low.

The median price paid for a home in the nine-county Bay Area was $616,000 in November. That was 0.3 percent higher than $614,000 in October but down 1.4 percent from $625,000 in November last year.

Median prices rose year-to-year, however, in Santa Clara County (up 1.8 percent to $665,000) and San Francisco (up 0.7 percent to $754,000). They were down 1 percent to $726,000 in San Mateo County and by 4.6 percent to $562,000 in Contra Costa.

Last month's year-over-year decline in the Bay Area was the steepest since prices fell 2.1 percent in February 2002. In September this year the"