LOS ANGELES – California’s housing market hit another milestone in April as the statewide median home price climbed above $914,000 for the first time, while sales activity increased across Los Angeles and Orange counties despite continued affordability pressures.
New data released Tuesday by the California Association of Realtors showed the median price for an existing single-family home reached a record $914,810 in April – up from $889,190 in March.
Sales also moved higher statewide, increasing 3.9% from March and 4.1% year over year to an annualized pace of 275,580 homes…