Median home prices in California were at an all-time high in April, according to figures released by the California Association of Realtors. April's statewide median home price was $904,210, surpassing $900,000 for the first time ever. It was a 5.8% increase from March , when the median home price was $854,490. It was also an 11.4% increase from April 2023, when the median home price was $811,510.
That will drive the price . That's why I think a lot of buyers are just waiting for the decrease in interest rates,' Rojas said. 'Hopefully by that time, the prices won't go up even higher than they are right now. Hopefully. But I just don't see that. I think the prices will go up when interest rates drop.'Rojas was born and raised in Vallejo, a city in Solano County where median home prices were the lowest across the Bay Area by a margin of $260,000.
Source: Real Estate Daily Report (realestatedailyreport.net)
Vallejo California Housing Crisis San Francisco Bay Area
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