An attorney at Zurich Staff Legal in Sacramento, California, Matthew “Matt” Zumstein studied law at the McGeorge School of Law, University of the Pacific. He is a U.S. Supreme Court Bar member and was admitted to the State Bar of California in 1999. Matthew Zumstein is interested in construction and real estate law as it impacts the state of California.
COVID-19, drought, heatwaves, and forest fires may have dampened the California housing market, but year-over-year increases still show a high upward trend. July 2021 home sales stats show that after recording four-straight months of record sales, overall home prices in California moderated slightly, yet in the southern part of the state, they hit an all-time high.
On a month-to-month basis, the median home price in California slipped one percent to $811,170 in July 2021, a decline from $819,630 recorded in June. That is 21.7 percent, up from the $666,320 figure recorded in July 2020. For the fourth-straight month, the median home price remained above the national $800,000 benchmark.
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