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California home sales hit highest level since February, C.A.R. reports


  • Existing, single-family home sales totaled 282,590 in October on a seasonally adjusted annualized rate, up 1.9 percent from 277,410 in September and up 4.1 percent from 271,370 in October 2024.

  • October’s statewide median home price was $886,960, up 0.4 percent from $883,640 in September and down 0.2 percent from $888,740 in October 2024.

  • Year-to-date statewide home sales were up 0.8 percent.



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NAR Update...


With the Federal Reserve lowering interest rates, how many more cuts are on the horizon? NAR’s Chief Economist Lawrence Yun answers this question in the latest Ask the Economist.


Have your own questions for Lawrence? Email AskTheEconomist@nar.realtor.



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