California Real Estate Sales Transactions continued to improve for the third consecutive month. April Sales were 416,790 Units, which represents a gain of 1.5% YTD, up 2.2% over the same period last year. We saw all regions of California home sales improve after a slow start. Bay Area and Central Valley Sales increased for the 3rd consecutive month while Southern California home sales improved after declining for the past five months. April continued to show more high-priced homes sold this year compared to last year, however, sales declined in lower priced segments. California Median home prices continue to grow at a fast pace with April 2018 median price at $584,460, up +3.5% over last month and represents an increase of +8.6% over the same period last year. Price Growth remains strong for both homes and condos with condos/townhomes continuing an upward trend. Buying Season is underway and Southern California is leading in active listings.
