SAN FRANCISCO (CBS/AP) – The median home price in the San Francisco Bay area declined from year-ago levels for the 12th month in a row in September while overall, more homes were sold.
San Diego-based DataQuick reported Friday that the median home price in the nine-county area last month was $365,000. That was down 1.4 percent from August and 7.6 percent from September 2010.READ MORE: 49ers Fans Look to Make Noise, Boost Team at NFC Championship Game
A total of 6,749 new and existing homes were sold, down 10.2 percent from August—a common seasonal drop—but sales were up 6.6 percent from September of 2010.READ MORE: Solo Crash Friday Night Closes Moraga Road, Cuts Power to Hundreds
Falling prices may have helped the market. More than a fourth of all existing homes resold in the region were foreclosures.MORE NEWS: S.F. Supervisors Set to Designate Casa Sanchez Bldg. in Mission District a Historical Landmark
(Copyright 2011 by CBS SF. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)