California Housing Sales Rise Statewide Amid Regional Price Variations

Southern California's housing market shows mixed signals with modest recovery in home sales over the past year but a recent decline in monthly sales figures in June. Los Angeles County experienced a 5.4% drop in home sales from May to June but saw an 8.2% increase in median home prices, reaching $903,650. Riverside and San Diego counties saw steady or declining home sales, with prices slightly falling or flattening; Riverside's median home price was $635,000 and San Diego's $1.025 million in June. Statewide, California's home sales rose 4% from May but were down slightly year-over-year, with median home prices dropping marginally to about $899,560. Increased inventory and flattening price growth across Southern California and statewide have improved conditions for buyers, offering them greater negotiating power amid stable but elevated mortgage rates. In contrast, Virginia's housing market saw an 8% increase in June home sales and a 3.4% rise in median prices to $446,144, although overall 2025 sales remain slightly sluggish; higher inventory and stable mortgage rates characterize this market as well.