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Home Prices Dropping California. California’s prices will have to fall much further, particularly along the coast. Cities where values are actually dropping right now.
As seen below California’s median house price for 2015 is from www.pinterest.com
The median home price in california likely will increase by 2.5% to $607,900 in 2020, slowing from a projected 4.1% annual gain in 2019, car said in a forecast thursday. In san jose, the drop has been from 7.4 to 6.3. While home prices nationwide continue to climb, there are plenty of u.s.
The median home sales price hit a record $667,000 last month, but there are signs of a slowdown:
One recent unofficial report was a 10% decline recently, but that's before the state of emergency.the corona virus pandemic was sudden and it's beginning to take its toll on the housing market forecast. The results revealed the majority of buyers expect home prices to be lower while only a small number of sellers are reducing their listing prices. About california real estate prices dropping. Right now, it’s better to be a seller than a buyer.
