Third month of record home prices in Bay Area

For the third straight month, the Bay Area’s median home price has reached a new record, real estate data service CoreLogic said Wednesday.

The median price for houses and condominiums in the nine-county region rose 1 percent in June to $712,000. The median increased nearly 8 percent last month from a year earlier.

Before this year, the record median price was $665,000 from June and July of 2007.

“It’s been almost nine years since the median last peaked and, adjusting for inflation, the region’s median sale price last month remained more than 10 percent below it’s prior-cycle peak,” CoreLogic research analyst Andrew LePage said in a statement.

In Sonoma County, the median price for single-family homes rose in June to $600,000, an increase of nearly 10 percent from a year earlier, according to The Press Democrat monthly housing report.

Robert Digitale