SAN FRANCISCO (CBS/AP) – A research firm says San Francisco Bay area home prices cooled last month as inventories grew and investor interest declined.

DataQuick said Thursday that the median sales price for new and existing houses and condominiums was $530,000, up nearly 24 percent from the same period last year. It was the 11th straight month of annual percentage gains above 20 percent, but the second straight decline from the previous month after peaking at $562,000 in July.

There were more than 7,100 homes sold in the nine-county region, up nearly 4 percent from September 2012.

The California Association of Realtors says there was a 2.8-month supply of unsold homes in the San Francisco Bay area in September, up from 2.4 months in August.

Read the full report, including a county-by-county breakdown.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Watch & Listen LIVE