The cooling of home prices in the Bay Area continued in June with the largest monthly drop during this time of the year in at least 30 years. Prices declined 7 percent on average from May to June.
Analysts pointed to the usual reasons for the drop: rising interest rates, homes staying longer on the market along with the uncertain economy.
Alameda County saw the largest decline at 8 percent, while Contra Costa County homes dropped 5 percent.
Leave a Reply