Bay Area home market drives California median price to a new high
TL;DR
California’s statewide median home price rose to a record $930,260 in May as Bay Area demand pushed prices higher: the Bay Area median for single-family homes climbed 3.6% to $1.45 million, San Francisco County jumped 22.2% year over year to $2.2 million, and San Mateo rose 9.1% YoY, with Alameda up 2.6% YoY while Marin and Santa Clara edged lower. Limited supply continues to pressure sellers and keep prices elevated into the third quarter, according to the California Association of Realtors.
- California’s housing prices reach staggering new high as city drives sales through the roof New York Post
- Bay Area sales help set new record for California median home prices NBC Bay Area
- San Diego home prices hold above $1 million despite sales dip KPBS
- California home prices hit record as supply tightens mpamag.com
- High-end sales helping drive Redding area, California housing market Record Searchlight
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