Bay Area June Home Sales Surge, Median Price Edges Up to 2011 High

Bay Area June Home Sales Surge, Median Price Edges Up to 2011 High

La Jolla, CA. – July 15, 2011 – (RealEstateRama) — Bay Area home sales rose sharply last month from May to the highest level for any month since June 2010, when outgoing homebuyer tax credits gave housing demand a final boost. The median price rose slightly from May but remained below the year-ago level for the ninth consecutive month amid a sluggish move-up market and a higher share of sub-$300,000 transactions, a real estate information service reported.

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