Bay Area Home Sales and Prices Drop

Bay Area home sales and prices dropped in August, declining for the first time in four months, the Trib reports. The number of homes sold declined 14 percent in August compared to July, although it was 4 percent higher than August 2008. At the same, time the median home price plummeted 8.9 percent from July to $360,000. It was also down 19.5 percent from a year ago.

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