Overview
- CAR reported 277,410 seasonally adjusted annualized single-family sales statewide in September, up 5% from August and 6.6% from a year earlier.
- California’s statewide median price fell 1.7% from August to $883,640 but stayed 1.8% higher than September 2024.
- San Diego County saw closed sales slip 2% from August yet rise 14% year over year, with the median price dropping to $990,000, down 3.4% month to month and 1% from a year earlier.
- Southern California logged the slowest August on record with 14,476 sales, down 5% year over year and 33% below the average August, as active listings averaged 41,927 in the period, up 38% from a year earlier.
- Regional prices continue to cool, with Zillow showing the six-county average home value at $857,770 in August, down 0.7% from July and 1.7% year over year, while mortgage rates averaged 6.7% over the same three months.