California’s housing prices reach staggering new high as city drives sales through the roof

Cătălin Roșioru

Pricey Bay Area home sales are sending California’s median housing prices to record highs , according to the California Association of Realtors. The median cost of a home in the Golden State reached $930,260 in May, a 2.3% increase from April and a 3.1% increase from the same time last year. At the same time, the Bay Area recorded a 3.6% jump in the median price for a single-family home in May. The median price in the Bay Area for a home that month was $1.45 million. Several Bay Area counties