In the first quarter of 2014, median single-family home sales hit $808,000 in the San Jose metro. This is enough to rank it as the most expensive metro in the US by the National Association of Realtors.
The San Francisco metro (which also includes Oakland) ranked as the second most expensive metro with a median home price of $679,800. To put these medium home sale prices in context, the median for the 170 largest metros combined was only $191,600.
Source: SocketSite
There will be those who believe this is a good thing.
ReplyDeleteHomes are places for people to live in, not things to gamble on.