Home prices in the Bay Are dropped 13.2% year-over-year, with a median price of $706,880.  The Bay Area is defined as San Francisco, Alameda, Contra Costa, Marin, San Mateo, Santa Clara and Solano counties; it excludes Napa and Sonoma counties.  The interesting thing is that studying recent San Francisco home sales, it seems that prices are flat compared to prices last year.  It would be interesting to see official figures for San Francisco alone.

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