Today’s Wall Street Journal reports on an “uneven rebound” in the Bay Area’s housing market.
The story relies on an analysis by to learn what homes sales have done in various communities since their markets’ peaks.
The Bay Area’s median home price “was down 28 percent in May to $493,625 from its April 2006 peak,” the newspaper wrote.
“But in recent months, the regional housing market has begun to rebound, with median home values in every county except Napa and Solano rising above year-earlier levels in May.”
But the results differ by community. For example, Berkeley’s median price is off only 11 percent since its July 2005 peak, according to the Zillow data, while San Jose’s median remains 26 percent below its June 2007 peak.
Read the full story.
– Robert Digitale