The median price for a single-family home in California has reached an all-time high. A recent report from the California Association of Realtors found that the new statewide record of over 900-thousand dollars was recorded during a surge in home sales last month.
Compared to April of last year, there was also a median price increase of 11-point-four percent. The sales pace last month was also on the rise.
The president of the California Association of Realtors says “April’s rebound in both home sales and price” shows the resilience of the state’s housing market.