California Home Prices Climb to a 10-Year High in May

                                                    California Home Prices Climb to a 10-Year High in May

California home prices hit their highest level since the previous housing boom in May, as demand continued to outstrip supply, both statewide and here in the Bay Area.

• The median sales price for a single-family home in the Bay Area rose to almost $900,000 in May, with all nine counties reporting year-over-year appreciation.
• Inventory declined in all nine Bay Area counties from one year ago. Statewide, new listings dropped for the 23^rd consecutive month.
• All nine Bay Area counties saw sales volume increases from both April and from May 2016.

Details are online at http://pacunion.us/2txqNaS