Bay Area home sales dip from last month

Therese Lehane
In this Friday, Jan. 15, 2016, photo, Therese Lehane poses for a photo with her dog Rudy outside her house in San Jose, Calif. Lehane is renting out two of her rooms to Super Bowl news crews. In the San Francisco Bay Area, where high rents are legend, residents looking to make a quick buck are offering their homes at super-sized prices to the 1 million visitors expected for the Super Bowl festivities. (AP Photo/Marcio Jose Sanchez)

(KRON)—Home sales in the San Francisco Bay Area have dipped between August and September, but are up slightly compared to a year ago, according to research firm CoreLogic.

The number of new and resale homes sold last month in the area was 7,974.

This is down 3.3 percent compared to August which was 8,245 homes, but up 1.4 percent compared to last year.

The median price in September is down 1.7 percent to $654,000 from $665,000 in August but up 3.8 percent from $630,000 in September 2015.

The decline has been attributed to affordability and limited inventory, according to CoreLogic.

Contra Costa County had the most homes sold in September than any other Bay Area county.

The greatest increase in home prices was in Napa County between August and September. The median price climbed 6.1 percent.

The highest median price was in San Francisco coming in at $1.1 million.

Home prices that are more than $500,000 made up 68 percent of last month’s sales.

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