Housing prices in the U.S. hit a record high in March.
"Buyer demand is moderating in the face of high costs, and we're beginning to see more homeowners take price cuts on their listings and overall inventory declines lessen in response," said Realtor.com’s Chief Economist Danielle Hale, in a statement.
California was home to three of the priciest housing metros in the country in March 2022, according to Realtor.com's Monthly Housing Trends Report. The Golden State’s San Jose-Sunnyvale-Santa Clara had a home sale median that nearly reached $1.4 million while San Francisco-Oakland-Hayward had a home sale median the $1.04 million. San Diego-Carlsbad came in third place with a home sale median of $884,000.Outside California, Boston-Cambridge-Newton, Mass.-N.H.and Seattle-Tacoma-Bellevue, Wash. tied with a median of $755,000.
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