"Rising rates in the past few weeks have created a less favorable lending environment for the housing market," Realtors group president Heather Ozur said. "While market conditions are improving at a slower-than-expected pace, October's bounce back in home sales suggests that there's still solid interest from motivated buyers."
According to the latest data from the California Association of Realtors, home prices are on the rise. The statewide median price has climbed 5.8% since October 2023.
The most affordable home prices can primarily be found in Northern California and the Central Valley, according to the most recent data collected from the California Association of Realtors.
These 11 California counties had home prices below the state median of $888,740, offering options for those looking for more affordable housing.
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