State median home price climbs

California’s median home price reached a record high in April, helped by lower mortgage rates and more sales in high-end neighborhoods.

The median home price reached $914,810 last month, a 2.9 percent increase from March and up slightly year-over-year, the California Association of Realtor reported.

Sales of existing single-family homes totaled 275,580 in April, up a seasonally adjusted 3.9 percent in March, and a 4.1 percent increase from April 2025. Those numbers are annualized, meaning they represent the number of homes that would be sold this year if April’s sales pace continued throughout the year.

Sales were flat during the first four months of this year compared with the same period last year, the association reported.

“April’s year-over-year increase in home sales is a welcome sign that buyer demand remains resilient,” said Tamara Suminski, association president, in a statement. “California buyers and sellers are still finding opportunities, and that speaks to the underlying strength of housing demand.”

In the Inland Empire the median price of $600,000 in April represented a 1.7 percent month-over-month decline, and a two percent drop year-over-year. Sales were also down, 2.8 percent and six percent respectively, the association reported.