Overview

• Closed escrow sales reached a seasonally adjusted annualized rate of 264,240 in August, up 0.9% from July but down 0.2% from a year earlier, according to CAR.
• The statewide median price rose to $899,140, a 1.7% monthly gain and a 1.2% increase year over year.
• San Diego County sales increased 1.3% from July and dipped 0.6% annually, with a $1.02 million median that slipped from July but edged up from last year.
• Riverside County sales fell 6.2% month over month and 7.0% year over year, with a $625,000 median that eased from July but remained above August 2024.
• Los Angeles County sales dropped 16% from July and rose 12.3% from a year earlier, while Orange County fell 4.3% monthly and climbed 1.4% annually, underscoring uneven regional momentum.