Preparing for an open house in 	 San Rafael, Calif. (Robert Tong/Marin Independent Journal)
Robert Tong Preparing for an open house in San Rafael, Calif. (Robert Tong/Marin Independent Journal)

The San Francisco Bay Area saw a 13.5% drop in sales volume from July 2015, reports Richard Scheinin of the San Jose Mercury News.

He examines the latest housing data from CoreLogic to break down the region's housing market. Scheinin writes:

Prices still edged upward on a year-over-year basis. The median sale price for the nine counties was $700,000, up 6.3% from a year earlier, though marginally down from June's record high of $710,000.

The typical new mortgage payment for Bay Area buyers in July was $2,496, down from $2,530 in July 2015.

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