Bloomberg's Prashant Gopal reports that home prices in the San Francisco Bay area hit an all-time high in April at $686,000, which is up 4.1% from last year according to data from CoreLogic.

The median home price for the Bay area has been on the rise year-over-year for 49 consecutive months. However, house and condominium sales in the region totaled 7,518, which is down 7.3% from April 2015.

Silicon Valley tech salaries have fueled a rapid rise in Bay area home prices, putting purchases increasingly out of reach for average workers who have to live in tiny spaces or commute longer distances to find properties they can afford.

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