August Home Sales and Price Report
California home sales and prices rise in August despite higher mortgage rates, housing costs, C.A.R. reports
Existing, single-family home sales totaled 269,620 in August on a seasonally adjusted annualized rate, up 2.4 percent from 263,320 in July and up 1.4 percent from 265,780 in August 2025.
August’s statewide median home price was $901,420, up 1.6 percent from $887,210 in July and up from $900,620 in August 2025.
Year-to-date statewide home sales were up 1.8 percent in August.
SACRAMENTO (Sept. 16) – California’s housing market finished the homebuying season on a positive note in August, with sales and prices posting gains from both the previous month and last year despite continued pressure from high mortgage rates and housing costs, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.