SAN DIEGO (CNS) – Home sales rebounded across California last month, increasing on both a month-to-month and year-to-year basis, but were down slightly in San Diego County, the California Association of Realtors announced Wednesday.<\/p>\n
Closed escrow sales of existing, single-family detached homes in San Diego County were down 2% from August’s numbers, but were up 14% year-over- year.<\/p>\n
Statewide, September sales were up 5% from the previous month, and 6.6% year-over-year.<\/p>\n
“The housing market showed modest improvement in September, with both sales and prices up from a year ago,” CAR Senior Vice President and Chief Economist Jordan Levine said in a statement. “Steady mortgage rates may give demand a small boost heading into the fourth quarter, but broader economic uncertainty — like the ongoing government shutdown and renewed U.S.-China trade tensions — will likely keep the recovery gradual.”<\/p>\n
The yearly sales numbers reported by CAR are on a seasonally adjusted annualized rate, adjusted to account for seasonal factors that typically influence home sales.<\/p>\n
The median selling price of an existing, single-family home in California dropped 1.7% in September to $883,640, but that was still 1.8% higher than last year’s $868,150. The monthly decrease aligns with the long- term average decline of 1.8% between August and September, according to CAR.<\/p>\n
In San Diego County, the median price of an existing, single-family home fell under $1 million last month, decreasing 3.4%, from $1.025 million to $990,000. That’s down 1% from September 2024.<\/p>\n
The highest median price in California in September was San Mateo County’s $2.15 million. The lowest was Trinity County’s $210,000.<\/p>\n
Copyright 2025, City News Service, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"SAN DIEGO (CNS) – Home sales rebounded across California last month, increasing on both a month-to-month and year-to-year…\n","protected":false},"author":2,"featured_media":7837,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[74,76,7913,7914,6814,75,7915],"class_list":["post-7836","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-diego","tag-san-diego","tag-san-diego-headlines","tag-san-diego-home-prices","tag-san-diego-home-sales","tag-san-diego-housing","tag-san-diego-news","tag-san-diego-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/7836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=7836"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/7836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/7837"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=7836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=7836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=7836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}