Home prices in California generally move in only one direction: up. However, the latest data from the California Association of Realtors shows it’s anything but a straight line.
The median price of a single-family home in May was $900,170, approximately 1% lower than the median price of $908,000 in May 2024. This marked the first year-over-year decline in 23 months, the association said.
Condominiums and townhomes saw a sharper decline of $15,000, or 2.2%…