LOS ANGELES—California’s median home price across the state exceeded $900,000 for the second straight month to set another record high, although mortgage rates that surged to their highest levels since late last year hampered home sales last month, the California Association of Realtors (CAR) said in a press release on June 18.
May’s median home price in California was $908,040, up 4.0 percent from April, and up 8.7 percent from $835,280 in May 2023, according to CAR.
