However, several cities, including San Francisco, Los Angeles and Sacramento, have all seen home prices fall by more than 5% from peak sale prices.
Additionally, Stockton has seen its median sale price drop 4.8% from its peak.
That brings California's total to seven metros out of the top 20 for the nation that have seen the most severe drop in housing prices.
So far it appears that 2023 is likely to be an even slower year for the state's housing market, especially if locals continue to leave and move to more affordable states.
The pullback in demand could ultimately result in the state's median home price declining 8.8% to $758,600, the report adds.