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Bay Area housing market gets costlier in January

February 14, 2013|By Alejandro Lazo
  • The median home price in the nine-county San Francisco Bay Area region rose year over year for a 10th consecutive month, hitting $415,000.
The median home price in the nine-county San Francisco Bay Area region rose… (David Paul Morris / Bloomberg )

Housing got even costlier in the San Francisco Bay Area last month.

For a 10th consecutive month, the median home price in the nine-county region rose year over year to hit $415,000, real estate firm DataQuick reported.

That was a 27.3% increase from the same month last year, though a 6.3% decline from the prior month.

The region posted its strongest January sales pace in six years, popping up 3.2% from the prior month.

A total of 5,501 newly built and previously owned houses and condominiums sold last month.

Foreclosures and short sales made up just over a third of the market last month.

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