re: Home prices are now contracting at levels only seen 2 times

quote:

---

in all the places no one wants to live unless they have to

---

quote:

---

In the 15 months since the peak in April 2022, the median price has plunged by 16.3%, or by $245,000. Given the large size of the nine-county Bay Area, with a population of around 7.6 million people and about ten times as many transactions as in San Francisco alone, the median price is less volatile.

---