Real Estate
Home Sales Continue Rising Across CA, Prices Down In SoCal
Statewide sales figures reached the highest level since February, the state realtors association said in its latest report.
LOS ANGELES, CA — Home sales rose across Southern California and the state as a whole last month, with statewide sales figures reaching the highest level since February, the California Association of Realtors announced Tuesday.
In Los Angeles County, closed escrow sales of existing, single-family detached homes rose 14.2% in October over September's numbers, and were up 5.5% year-over-year.
The Los Angeles metro area saw a 10.1% jump in sales over last month, and a 5.6% increase over last year.
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Orange County's sales numbers were up 4.6% month-over-month, and 3.2% year-over-year.
Statewide, October sales were up 1.9% from the previous month, and 4.1% year-over-year.
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"Housing demand in California has been steadily improving, with home sales rising for the third month in a row. Even though mortgage rates have inched up since late October, the market remains active, and buyers still have solid opportunities," said CAR President Tamara Suminski, a Southern California broker and Realtor. "Home prices are growing at a manageable pace, and we're seeing a healthier balance between buyers and sellers. As we head into 2026, these trends point to a promising moment for anyone considering a move in the California real estate market."
The sales numbers reported by CAR are on a seasonally adjusted annualized rate, adjusted to account for seasonal factors that typically influence home sales.
Some Southland home buyers took advantage of falling prices last month. The median selling price of an existing, single-family home in Los Angeles County was $960,620 in October, down 2.3% from September but up 0.5% from last year.
The average price for the LA metro area was $845,180 in October, up 1.8% from last month, and 1.1% from last year.
Orange County's average price was $1.391 million in October, down 0.7% from last month but up 3% from last year.
Statewide, the average price was $886,960, 0.4% higher than in September, but 0.2% lower than at this time last year.
The highest median home price in California in October was San Mateo County's $2,189,500. The lowest was Trinity County's $250,000.
City News Service
