Another real estate record broken in California in April!
The California Association of Realtors (CAR) reports that for the first time, the average price of a home in California exceeds $500,000.
CAR states "The median price of an existing home in California in April increased 12.5 percent and sales increased 2.7 percent compared with the same period a year ago."
Once again, the economic law of supply and demand has pushed prices to new highs!
To read more, go here.