Jul 182013

According to DataQuick, cited in this article, this June is up 33% versus the same time last year.  Sheesh!  From InsideBayArea.com:

A record jump in prices was paired with a surprising drop in home sales in the Bay Area in June, according to a report released Thursday.

Prices rose at their fastest pace on record in June, according to DataQuick, increasing 6.9 percent from May and a record 33 percent above median prices in June of last year. The median sales price for all types of homes in the nine-county Bay Area rose to $555,000 last month, according to real estate information service DataQuick.

That’s the highest median price in nearly five years, although it is still below the peak of $665,000 reached in mid-2007, DataQuick said.