According to CAR, existing, single-family home sales totaled 305,680 statewide last month, down 2.5 percent from August and down 30.2 percent from September 2021. September’s statewide median home price was $821,680—down 2.1 percent from August and up 1.6 percent from September 2021.
The Bay Area saw one of the largest regional declines on an annual basis, falling 26.6 percent compared to September 2021. Compared to the month prior, San Mateo County was the only region of the Bay Area to see existing-home sales increase in September, up 8.3 percent. Napa County took the biggest month-over-month tumble, down 15.6 percent.
When it came to pricing, Napa also had the largest month-over-month price decline, with figures dropping 15.1 percent to a median sale price of $987,000. San Mateo, Solano and Sonoma also all saw their average sale prices fall in September.
Marin County’s sale price rose 6.7 percent last month to a median of $1,735,000. Santa Clara, up 3 percent, hit $1,700,000.
Further north, Sacramento County’s sales and pricing were both down in September, hitting an average sale price of $520,000. Neighboring Placer County fell below the $650K range to $645,000 and a 6.6 percent sales decline.
In a true sign of the changing market, it’s took more than twice as long to sell a home in California last month compared to a year earlier. The median number of days it took to sell a California single-family home was 22 days in September and 10 days in September 2021.
To see the SoCal regional breakdown, click here.