In the past year, California's housing market saw a 3% increase in median prices, reaching $868,150, with a 5% rise in buying activity.
Southern California displayed a 4% increase in median prices to $850,000, while Bay Area prices took a downturn of 3%, landing at $1,266,250.
The report highlights stark price disparities, noting San Mateo's extreme median of $2.1 million compared to Trinity's affordable $247,500 median.
The weakest markets showed significant price and sales dips, with Mariposa experiencing the largest yearly price decrease of 25% and Mono a 50% drop in sales.
#california-housing-market #real-estate-trends #median-home-prices #regional-price-disparities #sales-trends
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