California home prices and sales are up slightly in the past year, but there are some spooky extremes across the state.
The California Association of Realtors’ September sales report tells us the statewide median selling price was up 3% to $868,150 in the year. Buying activity also quickened 5% over the 12 months.
During the year, the number of homes on the market expanded. House hunters choices grew to a 3.6-month supply from 2.8 months in September 2023, based on comparing homes on the market with the sales pace.