California home sales fell to 256,550 in January, the lowest since May 2025, ↓ 1.3% yearly.
The statewide median home price dropped to ~$823K, hitting a 23-month low, ↓ 3.2% MoM.
Pending sales rose 34.6% MoM, signaling potential rebound as mortgage rates eased.
Some counties like Mariposa, Trinity, and Tehama saw triple-digit yearly sales growth, while others declined sharply.
Inventory increased to 4.4 months, suggesting slower market activity and gradual balancing of supply and demand.
Home Sales Slide Across California Amid Soft Start to 2026
