SAN DIEGO (AP) – Record highs in the San Francisco Bay area helped lift California home prices to their loftiest levels since September 2007 last month. Sales were soft.
Research firm CoreLogic Inc. said Wednesday that the state’s median home price rose to $430,000 in April, up 4 percent from March and 6 percent from a year earlier. It was the 50th straight annual increase.
There were slightly less than 41,000 homes sold, up 6 percent from March but down 1 percent from a year earlier.
Prices in the nine-county San Francisco Bay area hit an all-time high of $686,000, surpassing its peak in 2007. The median sales in San Francisco County reached an all-time high of $1.3 million.