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Market Snapshot for July 2019: A New Peak … but Will Home Prices Continue to Rise?

Market Snapshot for July 2019: A New Peak … but Will Home Prices Continue to Rise?

California home prices continued to rise as the market approached the peak of its home buying season. After

setting a record high in April 2019, the state median price inched up again and reached a new peak in

May. A typical existing single-family home was sold at an all-time high of $611,190 in May in California, an

increase of 1.7 percent from the same month of last year and an increase of 1.4 percent from the prior month.

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Posted on July 16, 2019 at 4:09 AM
Carlos Camargo | Category: Buying a House

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