California home sales rose 4.1% monthly while median prices slipped 2.8%, signaling renewed buyer activity amid affordability improvements
Executive summary: California existing single-family home sales totaled 279,880 units in June on a seasonally adjusted annualized basis, rising 4.1% from May and 6.0% from June 2025, while the median home price declined to $904,640, down 2.8% from May’s peak. The simultaneous rise in sales and easing of prices improves housing affordability and may stimulate related spending in mortgage lending, construction, and home‑improvement sectors.
Who is involved: California Association of Realtors (C.A.R.), home buyers and sellers across the state, mortgage lenders, and construction firms.
Likely next: C.A.R. will publish July housing statistics in early August 2026; market watchers will monitor whether the sales uptick continues as mortgage rates remain stable.
According to the California Association of Realtors, existing single-family home sales reached a seasonally adjusted annualized rate of 279,880 units in June, up 4.1% from May and 6.0% year‑over‑year. The statewide median price fell to $904,640, a 2.8% drop from May’s record high of $930,260. The data suggest that modest price declines are encouraging more transactions without triggering a broader market downturn.
Timeline
- — California Home Sales Rebound in June as Home Prices Moderate, C.A.R. Reports (PR Newswire)