Closed escrow sales of existing, single-family detached homes in California reached a seasonally adjusted annualized rate of 274,820 in February, according to data released by the California Association of Realtors (CAR). Last month’s sales were up by 7% from 256,910 transactions in January but dipped by 0.3% from the 275,600 sales in February 2025.
While sales were up month-over-month, CAR lamented that the streak of sub-300,000 seasonally adjusted annualized sales continued for the 41st consecutive month in February.
California’s median home price in February was $830,370, up by less than 1% from 23-month low of $823,180 in January and up with greater vigor from the statewide median price of $806,490 in February 2025.
“Following a soft start to the year, the housing market regained momentum in February, with both sales and prices showing solid gains,” said 2026 CAR President Tamara Suminski, a Southern California broker and realtors. “The conflict in the Middle East is creating some uncertainty for the broader economy and financial markets, which could lead to some short-term hesitation in the housing market. We remain hopeful though that the situation will stabilize in the weeks ahead, allowing market fundamentals and buyer and seller confidence to reassert themselves.”
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