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Bay Area home sales: June median price sets record high

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Jeffrey Zambrana
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The median price for single-family homes in the Bay Area set yet another record last month, reaching $755,000.

But even as the price tag went up, the number of sales went down, reflecting what by now is an all-too-common refrain in the region's housing story: high cost, low supply.

"People are struggling to afford a home, and not finding it," said Andrew LePage, research analyst for CoreLogic, the real estate information service that assembled the data.

June marked the fourth straight month of year-over-year declines in the number of houses sold in the nine counties.

In some counties, the trend toward declining sales was even more pronounced.

A for-sale sign hangs at a house in Santa Clara on Tuesday, Dec. 8, 2015.

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Jeffrey Zambrana
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