Great time to sell for Californians – with 4 out of the 5 most expensive housing markets in the nation.

CNNMoney – Home prices are soaring across the country and California is home to four out of the five most expensive housing markets in the nation. A number of factors are propping up home prices, including rising rents and more economic confidence. But lack of inventory remains the biggest accelerator. First-time buyers have been creeping back into the market, making up 30% of buyers in June, she added. Here are the median home prices of single-family homes in the five most expensive markets:
San Jose: $980,000
San Francisco: $841,600
Anaheim-Santa Ana: $685,700
Honolulu: $698,600
San Diego: $547,800