In the competitive real estate market, sales in the $1 million-and-higher segment saw a significant surge of 39.8% year-over-year in April. The remarkable increase in this luxury market segment indicates a strong demand for high-end properties.

Key points:
– Sales in the $1 million-and-higher market segment increased by an impressive 39.8% year-over-year in April
– This surge in sales reflects a robust demand for luxury properties in the real estate market
– California’s median home prices have soared past the $900k level to reach a new record high, signaling a booming real estate market in the state.

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