According the California Association of Realtor's report.
Prices leveling off. Home prices continue to improve on a week-to-week basis with a decelerating growth pace. The statewide median price per square foot for homes sold in the week ending June 26 remained on the rise but inched up only 0.5 percent from the previous week, a relatively small increase compared to an average gain of 2.7 percent in the past three weeks...
Market activities appear to be leveling off as both supply and demand slowed in our latest weekly readings. Buyers are back in force as record low mortgage rates and pent-up demand drive interest. However, the lack of new listings – supply from both existing housing stock and new constructions - continues to be an obstacle to the recovery process and the latest coronavirus resurgence will add more uncertainty to the overall big picture. Nevertheless, sales and price are expected to improve in June from April and May. While the market is still far from being normal, the recovery has begun, and market conditions will continue to improve for the rest of the year.