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.
Thursday, April 8, 2010
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.
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.
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