California Home Sales Slip to 260,410 in September; Median Price at $899,720

Existing single-family home sales in California totaled 260,410 on a seasonally adjusted annualized basis in September 2026, down 3.4 percent from 269,620 in August and 6.5 percent from a year earlier, the 48th straight month below 300,000, according to monthly data released October 19 by the California Association of Realtors (C.A.R.). The statewide median price was $899,720, down 0.2 percent from August and up 1.7 percent from a year earlier. Southern California posted the largest regional sales decline, down 9.1 percent year over year, with a median price of $895,000, up 3.0 percent; Los Angeles recorded a median of $855,000, up 3.0 percent, as sales fell 8.0 percent. Sales fell 12.2 percent in San Diego County and 12.7 percent in Riverside County. The average 30-year fixed mortgage rate was 6.86 percent in September, based on Freddie Mac data compiled by C.A.R., up from 6.67 percent in August and 6.35 percent a year earlier, and homes sold for $1 million or more accounted for 35.9 percent of transactions. C.A.R. President Tamara Suminski said the fall market has slowed, giving well-prepared buyers more time and negotiating room.

Source: GSM · USA (original Chinese edition)

Photo: 洛杉矶（Los Angeles）住宅区航拍。照片：Carol M. Highsmith摄，美国国会图书馆藏品，公共领域，经维基共享资源／Aerial view of a residential area of Los Angeles, California. Photo: Carol M. Highsmith, Library of Congress, public domain, via Wikimedia Commons

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