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Just Another Record Month

May was another record-breaking month for San Francisco home prices, with the median sale price rising nearly 11 percent from April to hit $1.25 million, according to real estate website Redfin. Houses, condos, and co-ops sold on average for nearly 15 percent—or $252,000—over asking. Unsurprisingly, inventory remained extremely low, with 11.4 percent fewer homes on the market this May than in May 2014. [Redfin]