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San Francisco’s home price hits new record: $1.5 million

SAN FRANCISCO BUSINESS TIMES, June 6, 2017 – San Francisco's median home price reached a new record of $1.5 million in May, according to sales data analyzed by brokerage Paragon Real Estate Group.

San Francisco is now over six times the average U.S. home price of $245,000. It is the most expensive major city in the U.S. for both home prices and rents. The median price has soared by 50 percent since 2013, when it hit $1 million.