One Bay Area county did manage to make small gains in June.
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Home prices have been falling across the Bay Area this summer as the real estate market continues to cool in response to high inflation and rising interest rates. But one Bay Area county did manage to make small gains in June, according to recent data from theNearly every Bay Area county saw a drop in median home prices for single-family homes in June 2022 when compared with May, with Marin County seeing the sharpest dip at 14.3%. Alameda County also saw a significant drop at 8.
Sales are also up 8.7% year over year in Solano County. The continued acceptance of remote work has helped fuel the Solano market, said Tim Garton, an agent with Remax Gold in Vallejo, as people are less hesitant to move far outside the major job markets like Silicon Valley and San Francisco. He said typically buyers from those markets made up about 20% of his business, but over the past two years it has risen to nearly 40%.
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