The median home price in California has topped 600-thousand dollars for the first time ever. Our contributor Kaleb Roedel of the Northern Nevada Business Viewbreaks down the numbers.
California's median home price reached a new high in May, according to the California Association of Realtors.
For the first time in 11 years, the statewide median home price surpassed its previous peak price of just over $594-thousand dollars, which was recorded more than 10 years ago during the last housing boom.
This May, the median price was more than 600-thousand dollars, up more than 9 percent from a year ago.
May also marked the lowest sales level in more than a year.
The median number of days it took to sell a California single-family home remained low at 15 days.
You can read more at Northern Nevada Business View.
KUNR has been reporting on the lack of obtainable housing in California and Northern Nevada for our series Priced Out. Check it out at kunr.org.
