SF Median Home Price Back Towards $1 Million

San Francisco real estate is no longer setting records.

Just meeting them.

The median price of a home in San Francisco in October was $999,250, shy of the $1 million record set in June, but way up from the $938,000 seen in September, according to the San Francisco Chronicle.

Bay Area-wide, prices actually went down from September to October, according to real estate data crunched by the paper.

However, that’s after gaining 11.3 percent from 2013 to today. So it’s still a seller’s market, or a buyer’s one provided you have lots of cash.

Prices have gone way up in recent years, the newspaper reported — hitting a 30 percent gain from 2012 to 2013.

Wow.

Cash buyers made up 20.5 percent of October sales, according to the newspaper, with the average Bay Area mortgage clocking in at $2,307.

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Article source: http://www.nbcbayarea.com/news/local/SF-Median-Home-Price-Back-Towards-1-Million--282733071.html

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