FILE - This Thursday, Dec. 3, 2015, file photo shows an existing home for sale in Roswell, Ga. On Thursday, Oct. 20, 2016, the National Association of Realtors reports on sales of existing homes in September. (AP Photo/John Bazemore, File)
John Bazemore FILE - This Thursday, Dec. 3, 2015, file photo shows an existing home for sale in Roswell, Ga. On Thursday, Oct. 20, 2016, the National Association of Realtors reports on sales of existing homes in September. (AP Photo/John Bazemore, File)

The San Francisco Bay Area's housing market may be cooling as buyers turn away from the region's high-flying prices, reports Richard Scheinin of the San Jose Mercury News.

Housing costs still remain high, but the rate of appreciation is off its recent pace.

September sales of single-family homes were up a modest 2.3% — a far cry from the red-hot market of the last several years. And even more revealing, June-through-September sales for the nine-county region were down 5.1% from the same period of 2015, he reports as he digs into a new report from CoreLogic.

In Santa Clara County — the heart of Silicon Valley — the median price was frozen in place from the year before, at $910,000, and the number of sales declined a hair, by 0.3%. September sales dipped 4.7% in San Mateo County, while rising just 0.2% in Contra Costa County and 2.9% in Alameda County.

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