When will house prices drop in California?

Experts predict that home prices will increase at a significantly slower rate in the coming year, with a forecasted 5% price increase compared to last year’s 18% increase. Buyers may start to see slightly more affordable home prices in California in the next year, but a lot depends on your location. Learn more about the housing market in each region of California.

How much do houses cost in California?

With a median home value of just over $800,000, California is one of the higher-priced markets in the U.S. However, there’s a lot of variance within the state; in San Francisco, for example, the median home value is $1.65 million, while in the more reasonably-priced market of Fresno, the median home value is much closer to the national average, at a hair under $375,000. Learn more about real estate market trends in California.