Did you know? According to analysis from the California Association of Realtors, the state experienced an unusual jump in its median home price at the end of 2019, when the market was supposed to cool down.
California’s median home price jumps 10% to $615,090
"The median price for a single-family home in California jumped 10% in December, the biggest year-over-year gain in more than four years, as low mortgage rates and a shortage of homes for sale boosted competition for properties.
The state’s median home price was $615,090, more than double the U.S. median, according to the California Association of Realtors. Home sales rose 7.4% compared with December 2018."
