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Bay Area home prices just hit a record high. Will the buying spree last? FacebookTwitterEmail A home for sale in Oakland’s Reservoir Hill neighborhood, where home prices are rising quickly. The median home price across the Bay Area rose to a record $1.3 million in April.Carlos Avila Gonzalez/The Chronicle First it was a feared exodus from Bay Area cities fueling bidding wars in wine country and along the coast. Then it was a home buying boom in Oakland and surrounding suburbs. In recent months, home prices have soared again in San Francisco and Silicon Valley. Put all of that activity together, and is it any wonder the Bay Area’s median home price hit a record $1.3 million in April? The region’s eye-popping gains helped drive the entire state’s median home price above $800,000 for the first time ever, according to new data from the California Association of Realtors.

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