Bay Area Housing Market Recovery Continues

Bay Area home prices touched bottom in April of last year, and now appear to be almost a year into recovery. According to the Case Shiller indexes, single family home prices are 15% higher than they were at the bottom of the market. They've increased in every month since then, albeit at a slowing pace.

The Bay Area condo market also has bounced back, but its recovery has been less impressive. Condo prices are only about 7% higher than they were at the bottom of the market.