Bay Area home sales last month fell to their lowest level of any August in 15 years, reflecting consumers’ wariness of the housing and mortgage markets. And so far, there are few signs that more buyers will leap into the market soon.

In many of Santa Clara County’s more affordable neighborhoods, home values fell compared to last summer, while in many affluent areas, values rose even as sales continued to slow. The median price of the resale houses sold in Santa Clara County was $805,000, flat from July and up 11 percent from August 2006, DataQuick Information Systems reported Thursday.

* Fully story: Available on San Jose Mercury News