SAN FRANCISCO (CBS/AP) – A research firm reports that home prices in the San Francisco Bay area registered a sixth straight annual increase last month.

DataQuick said Wednesday that the median price for new and existing houses and condominiums reached $416,000 in the nine-county region in October. The median fell $13,000 from September but it’s still up 19 percent from $350,000 the same period last year.

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Nearly 7,800 homes sold in the Bay area last month, up 21 percent from last year. It marks the 16th straight annual sales increase.

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DataQuick said buyers are snapping up more mid- to high-end homes. Foreclosed properties are also making up a smaller part of the sales mix, lifting the median price because they tend to sell at steep discounts.

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