California home prices hit staggering record high as residents flee
California's housing market has reached a record high, with median home prices hitting $914,810 in April 2026. This surge is largely driven by increased activity in the high-end market, while many residents are leaving the state due to affordability issues. The trend of outmigration continues, with nearly 150,000 more people leaving California than moving in during 2025.
- ▪California's median home prices reached a record high of $914,810 in April 2026.
- ▪Sales of homes priced at $2 million or more increased by 8.4% compared to April 2025.
- ▪Nearly 150,000 more people left California than moved in during 2025, driven by affordability concerns.
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US News California home prices hit staggering record high as residents flee By Josh Koehn Published May 20, 2026, 3:01 p.m. ET See more of our coverage in your search results. Add The California Post on Google A new report found that California’s housing market is being propped up by rich people trading spaces while everyday residents are running to other states for relief. The state’s housing market continues to be soul-crushingly expensive as California median home prices in April climbed to a record high of $914,810, according to the latest figures from the California Association of Realtors. 5 Los Angeles’ downtown skyline with the snow-capped San Gabriel Mountains may be beautiful but is hardly cheap.
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