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Median home prices in Silicon Valley area top $2M for first time

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Median home prices in the Silicon Valley area have exceeded $2 million for the first time, according to National Association of Realtors data.

Median prices for existing single-family homes in the San Jose-Sunnyvale-Santa Clara metro area rose 11.6% in the second quarter to $2.08 million.

It's the first metro area to reach that threshold in the history of NAR data.

Read more from The Business Times.

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