Median Home Prices in the Bay Area

On the news today, they said SF Bay Area median home prices were at another record high; about $550k. That means considering the highest and the lowest for avail inventory and taking the midpoint.

Here is the story from the source.
I don't see how residents can afford to live here. But the odds of home prices coming down are probably slim and none. Perhaps the bubble will burst, a la dot com days--but I don't see it happening. But we need some market correction.