Published On: May 23rd, 2024Categories: Colorado News

California's median home price hits record high at $900,000

The average price to buy a home in California has reached a new historic high with the median price for a dwelling in the state hitting $900,000, the California Association of Realtors said in a recent report.

The new record of $904,210 was recorded amid a spike in home sales for April, the group said — with existing single-family home sales totaling 275,540 in April. That was up by 3% from 267,470 in March.

California Association of Realtors President Melanie Barker said the rebound “in…

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