California Realtors are reporting this week that California's housing market continued to improve in August 2020 as home sales climbed to their highest level in more than a decade and the median home price broke last month's record, hitting another high. California's median home price broke the $700,000 mark for the first time, reaching $706,900 in August, a 6.1 percent jump from July's $666,320 and 14.5 percent from $617,410 in August 2019