Overview

• Statewide sales reached a seasonally adjusted annualized rate of 277,410 in September, up 5.0% from August and 6.6% from a year earlier.
• The California median price fell 1.7% from August to $883,640 yet remained 1.8% higher than September 2024.
• Inventory tightened to 3.6 months of supply from 3.9 in August, while the average time to sell lengthened to 32 days from 31 and from 24 a year ago.
• San Diego County saw closed sales decline 2% from August but rise 14% year over year, with the median dipping to $990,000, down 3.4% monthly and 1% annually.
• County medians ranged widely, from $2.15 million in San Mateo to $210,000 in Trinity, underscoring sharp intra-state disparities.