California's median home price rose to $861,020, a 5% increase from last year. In the Bay Area, the median reached $1.2 million, with Contra Costa County experiencing a 9.4% surge to $875,000, while Napa County's median fell nearly 5% to $880,000. Sales in lower-priced segments affected Napa's decline, despite a 50% increase in home sales there. Analysts expect continued upward movement in sales and prices, though challenges like inflation and high mortgage rates may impact the market.
Continue to full article
Leave a Reply