March miracle? California home prices rebound 7.6%

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March miracle? California home prices rebound 7.6%
France Dernières Nouvelles,France Actualités
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March’s statewide median price was $791,490, that’s up 7.6% from February. This price benchmark had fallen eight out of the previous nine months.

, which tracks closed transactions involving existing single-family houses. The association’s data reach back to 1990.Glass half-full

But it’s no miracle turnabout. March is usually a strong buying month. Prices have averaged 5.7% gains in this month since 1990 – and jumped 10% in March 2022.

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