California home sales, prices rise in February as mortgage rates ease
California Association of Realtors
SACRAMENTO
— California home sales perked higher in February as slightly more favorable mortgage rates improved affordability and encouraged more buyers to reenter the market, the California Association of Realtors recently reported.
Closed escrow sales of existing, singlefamily detached homes in California reached a seasonally adjusted annualized rate of 274,820 in February, according to data collected by CAR from more than 90 local Realtor associations and MLSs statewide. This annualized figure reflects the number of homes that would be sold in 2026 if February’s sales pace continued throughout the year, with adjustments made for typical seasonal patterns. February sales were up from 256,910 in January and down 0.3% from 275,600 in February 2025.
Despite the uptick, the streak of sub300,000 seasonally adjusted annualized sales continued for the 41st consecutive month, underscoring the market’s persistent
weakness over the past few years. While the stronger-than-usual, month-to-month increase in pending sales provides some hope that closed transactions could improve in March, the recent spike in mortgage rates may dampen buyer momentum and keep sales activity subdued in the near term.
“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 Realtor. “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.”
California’s median home price increased in February from both the prior month and year ago, bouncing back to $830,370 from a 23-month low reached a month ago.
The statewide median price rose 0.9% from January, outpacing the long-run average of
-0.3% observed between January and February. On a year-over-year basis, the median price rose following two consecutive months of annual declines and posted its best growth rate in five months. While prices are expected to climb as the market approaches the spring homebuying season, lingering concerns about the broader economy and the market condition could constrain the pace of price gains in the months ahead.
“While mortgage rates remain below year-ago levels, they recently jumped to their highest level in seven months and could temper
buyer momentum as we head into the spring homebuying season,” said CAR Senior Vice President and Chief Economist Jordan Levine. “However, many homeowners remain locked in to historically low rates, and inventory remains tight, so any stabilization in rates could help bolster home prices in the spring market despite ongoing affordability and economic challenges.”
Other key points from CAR’s February 2026 resale housing report include:
• At the regional level, three of California’s five major regions recorded year-over-year increases in non-seasonally adjusted home sales. The Central Coast led with a solid 6.2% gain from a year earlier, followed by the San Francisco Bay Area (4%) and the Central Valley (0.6%). Meanwhile, the Far North posted a modest sales decline, falling 2.9% from its year-ago level, followed by Southern California (-0.6%).
• At the county level, 27 of the 53 counties tracked by CAR posted year-over-year sales gains in February, with 14 recording double-digit increases. Mariposa led with a
Courtesy graphic
OPEN HOUSE DIRECTORY
Saturday, March 21, 2026
11-2
3254 CLARK STREET, PLACERVILLE
$825,000
Sierra views, Boeger Vineyards, and breathtaking Sunrises & Sunsets. Minutes to the fun of historic downtown Placerville but yet very private - this incredible 2,142 sf nestled on 2.38 acres. This pristine single-story, 4 bedroom, 3 full bath custom craftsman inspired home offers the perfect blend of country living and modern convenience-just a short walk to the city pool, great restaurants, and community events. The open floor plan with abundant natural light was thoughtfully designed with both style and functionality. The home is beautifully appointed with luxury, low maintenance vinyl plank floors & high ceilings. Recently painted inside and out, this home feels fresh and inviting. The chef’s kitchen boasts stainless steel appliances and shaker-style cabinetry with inlaid cherry accents. Wake up to the incredible views from the private primary suite offers sweeping views, outdoor access to the jacuzzi and resort styled bath. Designed with energy efficiency features this home is equipped with owned solar and radiant barrier insulation. Several entertaining concrete patios for enjoyment of the outdoor living space!
C21 • SALLY LONG JOHNS (530) 306-0821 • SARAH HENJUM (530) 919-1481
11-1 3550 ESKATON DRIVE, PLACERVILLE
$585,000
Eskaton Village, sought after 55+ community. Gorgeous 2017 contemporary style home. This 1492 sq. ft home has Two spacious bedrooms plus a den/office. Special features: engineered wood plank flooring and tile throughout. Kitchen features: Island, newer granite counter tops, freshly painted cabinets, pull out drawers, stove/range, blt-in microwave, plus a newer refrigerator. Large Master suite. The master bathroom has double sinks, walk in closet, large roll in shower, double shower heads. Spacious guest bedroom. Den/office. Guest bathroom with tub over shower. Lots of natural lighting throughout. On demand gas water heater. Central HVAC.2 car garage with cabinets. Enjoy and relax under the Patio area, retractable awning for extra sitting and shade, artificial grass. This Special community offers an indoor heated salt water pool, spa, club house, rec room, park/gazebo, walking paths, 24 Hour security and many other features. Relax, enjoy and have fun.
CENTURY 21 SELECT • VICKI EMERY (530) 409-3707
12-2
2765 HIDDEN SPRINGS CIRCLE #63, PLACERVILLE
$120,000
Seller Offering 2 Months of Space Rent Paid with a Full-Price Offer! Charming 2-bedroom, 2-bath home located in a desirable 55+ community, offering comfort and easy living. The home features a spacious living room, cozy family room, and bright dining area. The kitchen includes a stove, oven, dishwasher, refrigerator, and convenient dining bar. Stay warm with the living room pellet stove while natural light fills the space through sliding glass doors. Enjoy relaxing on the private deck or tending to your own flower garden. With a new roof already installed, this home is move-in ready. Conveniently located near shopping, dining, a movie theater, and public transportation.
C21 • HELEN RIVARD (530) 409-2687 • ASHLEY CAMPBELL (530) 391-4058
Leading gubernatorial candidates share thoughts on homeownership
California Association of Realtors News release
SACRAMENTO — Homeownership emerged as a defining issue in California’s 2026 gubernatorial race as six leading candidates gathered in Sacramento for the California Association of Realtors2026
Homeownership Matters Gubernatorial Forum, focused on expanding pathways to ownership across the state.
Moderated by CAR 2026 President Tamara Suminski and CAR CEO Phil Hawkins, the forum brought candidates together to discuss solutions to California’s housing affordability crisis and the role of homeownership in strengthening communities.
Throughout the discussion, candidates from across the political spectrum acknowledged the severity of the state’s housing challenges and committed to making homeownership a priority if elected governor.
The 2026 Homeownership Matters Gubernatorial Forum featured:
• Xavier Becerra, former U.S. Secretary of Health and Human Services and former California Attorney General
• Steve Hilton, entrepreneur and political advisor
• Matt Mahan, mayor of San Jose
• Katie Porter, former U.S. Congresswoman
• Eric Swalwell, U.S. Congressman
• Antonio Villaraigosa, former Mayor of Los Angeles
“Housing affordability is one of the defining challenges facing California,” said Phil Hawkins, CAR CEO “What we heard today is clear: candidates across the political spectrum recognize that expanding pathways to homeownership must be a top priority
if we want to preserve the California Dream.”
Candidates discussed regulatory barriers that drive up housing costs and outlined their visions for strengthening pathways to homeownership, particularly for firsttime buyers. The conversation also highlighted declining affordability, the rising age of first-time homebuyers, and the widening gap between wages and home prices — trends that are putting ownership further out of reach for many Californians.
“What we learned today is that homeownership is about more than housing supply; it is about economic mobility, generational stability, and the long-term strength of our communities,” said Suminski. “If working families cannot put down roots in their communities, the consequences extend far beyond the housing market. California has the fourth largest economy in the world, and we cannot sell ourselves short in accepting a reality where homeownership is out of reach for so many of those who live here.”
The forum provided an opportunity in the gubernatorial cycle for candidates to share their perspectives on housing and homeownership with industry leaders and voters alike. The discussion reflected the growing prominence of housing policy in statewide conversations and highlighted the importance of longterm, practical solutions that expand opportunity for California families.
As the 2026 California gubernatorial race continues to take shape, homeownership is expected to remain a key topic of engagement among candidates, policymakers, and communities across the state.
Home sales
Continued from 3
57.1% increase from a year earlier, followed by Tehama (53.8%) and Santa Cruz (53.6%). Meanwhile, sales in two counties, Contra Costa and Sonoma, remained flat, and 24 counties experienced annual sales declines, including 15 that fell by more than 10%. Mono led the pack with a -57.1% drop, Plumas (-28.6%) having the second biggest drop, and Siskiyou (-20.8%) recording the third largest dip.
• Only two of California’s five major regions recorded yearover-year median home price growth. The San Francisco Bay Area led with a 2.8% gain from February 2025, followed by the Central Coast with a 0.8% increase. In contrast, the Far North recorded the largest annual decline at 2.1%, followed by the Central Valley (-2%) and Southern California (-0.5%).
• At the county level, 24 of the 53 counties tracked by CAR recorded yearover-year median home price increases. Trinity led with a 225.4% increase, followed by Mono (74.1%); the gains in both counties largely reflected a shift in the mix of homes sold, which skewed the upturn in their median prices. Plumas ranked third with a solid annual growth rate of 34.9%. Conversely, 28 counties registered price declines from a year earlier, while Siskiyou
remained unchanged.
Lassen recorded the steepest price drop (-30.1%), followed by Santa Barbara (-19.8%) and Napa (-17.8%), underscoring continued price softness in many markets across the state.
• Housing inventory pulled back in February, receding from the prior month and staying unchanged from a year earlier as slower market activity and growing economic uncertainty weighed on seller confidence. The Unsold Inventory Index was four months in February, down from 4.4 months in January and unchanged from February 2025. While total active listings increased from the previous month, they
fell from a year ago for the first time in 25 months. With the streak of inventory expansion broken in February, the first dip in supply in slightly more than two years suggests that some homeowners may be delaying their listing decisions as mortgage rates continue to climb amid a tense geopolitical environment that has clouded the near-term economic outlook. As a result, while the number of properties for sale remains relatively high compared to levels observed a couple of years ago, the housing supply growth rate may begin to moderate in the months ahead.
• The median number of days it took to sell a California single-family
Reliable Roofing Professionals
• Re-Roof Repairs • In Business over 30 years • Senior & Military Discounts
home was 29 days in February, up from 26 days in February 2025.
• CAR’s statewide sales-price-to-list-price ratio was 99.3% in February 2026 and 98% in February 2025.
• The statewide median price per square foot for an existing single-family home was $424, up from $421 in February a year ago.
• The 30-year, fixedmortgage interest rate averaged 65% in February, down from 6.84% in February 2025, according to CAR’s calculations based on Freddie Mac’s weekly mortgage survey data.
Homes that just Sold in your neighborhood
Retreat in the Highly Sought After Hacienda de Estrellas home in a small gated community with just under 100 homes sits on 1.17 acres story foyer, formal dining room and living room, large open kitchen with family breakfast nook, as well as a media room and bath on lower level. Upstairs features with private bathroom, two more generous bedrooms with shared bath, and laundry and baths have granite counters throughout. Outside has low maintenance front accented by a beautiful built in pool and waterfall. Most of the property is in adding to additional privacy. Excellent internet for work from home, gaming, or is equipped with owned solar and three car garage. Community has a club tennis courts. Come view this private retreat.
Asking $1,075,000 MLS# 226019069
HARLEY’S HEATING AND AIR
info@americankitchencabinets.net www.americankitchencabinets.co Visit our Showroom at 386 Placerville Drive Monday-Friday 9am - 5pm
Residential Homes
Residential Homes
12602 Residential Homes el DoraDo hillS
1873 0.14 226018638
$472,000 2537 Chesapeake Bay Cir 3 3 (2 1) 1358 0.06 225070863
$475,000 3771 Dita Ct 2 3 (2 1) 1668 0.08 226029070
$519,999 3002 Tri Ln 3 3 (2 1) 1542 0.08 226002508
$550,000 3571 Sudbury Rd 6 5 (4 1) 3054 0.31 226000067
$575,000 3429 Santos Ct 3 3 (3 0) 1960 0.33 226020734
$575,000 2435 Sandpiper Way 4 3 (2 1) 2096 0.25 225149100
$589,000 3831 Sheridan Rd 3 2 (2 0) 1500 0.32 225082214
$599,000 2876 Woodleigh Ln 3 2 (2 0) 1867 0.28 226017338
$625,000 2836 La Crescenta Dr 3 2 (2 0) 1718 0.34 226025933
$625,000 3980 Rustic Rd 3 2 (2 0) 1644 0.37 225105626
$649,900 3463 Orinda Cir 4 4 (4 0) 1711 0.34 226009461
$675,000 3817 Los Santos Dr 4 3 (3 0) 2208 0.28 226029054
$715,000 2780 Holly Hills Ln 3 2 (2 0) 2345 0.41 226015805
$747,000 3708 Millbrae Rd 3 3 (2 1) 2300 0.38 226022968
$785,000 3445 Covello Cir 4 3 (2 1) 2368 0.3 226029554
$789,000 3218 Cambridge Rd 4 3 (2 1) 3189 0.31 226012807
$790,000 4285 Crazy Horse Rd 5 3 (3 0) 2664 0.26 226028845
$795,299 7967 Stone Ranch Dr 4 2 (2 0) 2321 0.267 225143486
$819,000 6007 Connery Dr 5 3 (3 0) 2915 0.23 226029336
$854,437 7850 Stone Ranch Dr 4 2 (2 0) 2321 0.23 225138155
$891,529 7878 Stone Ranch Dr 4 2 (2 0) 2515 0.222 225139619
$899,000 3257 Chasen Dr 5 3 (3 0) 3521 0.38 225147066
$910,000 2017 Riesling Way 4 4 (3 1) 2491 0.31 226018620 $949,000
$685,000 6611 Samba Way
$689,000 2869 Canterbury Cir
$699,000 2025 Begonia Ln
$699,000 8536 Avelin Pl
$699,500 7358 Grassy Creek Way
$705,000 8181 Ryland Dr
$714,950 4975 Del Mar Dr
$715,000 513 Aspen Grove Ct
$719,900 4537 Monte Mar Dr
226028002
226021891
225153484
226006441
226027727
225150364
226023747
226005741
$725,950 4977 Del Mar Dr 3 3 (2 1) 1642 0.14 226001419
$739,500 3672 Rosecrest
$760,000 4820 Monte Mar Dr
$769,950 4987 Del Mar Dr
$770,000 1333 Downieville Dr
$777,000 912 Yosemite Ln
226001425
226017179
$1,449,000 6209 Kings Peak Dr 4 4 (3 1) 3006 0.19 226015738
$1,449,900 6529 Goya Way 4 4 (3 1) 3364 0.16 226008894
$1,498,000 3247 Warren Ln 4 4 (4 0) 3432 0.0742 226030664
$1,499,900 2665 Aberdeen Ln 5 3 (3 0) 3799 0.64 226021105
$1,499,999 165 Keystone Ct 5 5 (3 2) 4041 0.49 225151871
$1,525,000 3108 Lennox Dr 4 4 (3 1) 3834 0.79 225136325
$1,570,000 3004 Tierra De Dios Dr 4 4 (3 1) 3279 0.98 226027604
$1,650,000 5157 Mertola Dr 5 4 (4 0) 5076 0.64 226015436
$1,664,000 1014 Hogarth Way 4 4 (3 1) 3809 0.2 225130813
$1,699,000 1131 Salmon Falls Rnch 4 3 (3 0) 4088 9.08 226022254
$1,750,000 4040 Hawk View Rd 2 2 (2 0) 1200 9.24 223082075
$1,795,000 1620 Carnegie Way 4 4 (3 1) 4948 0.63 225120525
$1,999,000 9588 Pamela St 4 5 (4 1) 3832 0.51 226001060
$2,080,000 512 Montridge Way 6 7 (5 2) 5444 0.49 226017744
$2,095,000 185 Powers Dr 4 5 (3 2) 4833 0.7 226029526
$2,099,000 3000 Corsica Dr 4 5 (4 1) 4554 0.5 226021755
$2,199,000 4182 Greenview Dr 4 4 (3 1) 3781 0.69 226010457
$2,199,000 1781 Rocky Springs Ct 5 4 (4 0) 4199 5 225111030
$2,249,000 2044 Lockridge Pl 4 5 (4 1) 5713 0.81 226029425
$2,349,000 4930 Greyson Crk 5 5 (4 1) 4634 0.6 226021349
$2,388,000 4185 Greenview Dr 5 5 (4 1) 5250 0.61 226006268
$2,498,000 3769 Greenview Dr 4 4 (3 1) 3700 0.59 226026828
$2,875,000 3215 Bordeaux Dr 4 4 (3 1) 4433 0.46 226031428
$2,895,000 3268 Bordeaux Dr 5 6 (5 1) 5084 0.52 226008543
$2,999,999 4970 Greyson Creek Dr 4 5 (4 1) 4762 0.56 226029224
$3,100,000 4805 Moreau Ct 5 6 (5 1) 7144 0.73 226011087
$3,149,900 4934 Breese Cir 5 6 (5 1) 4669 0.71 226008182
$3,199,000 4245 Raphael Dr 4 6 (4 2) 4406 0.54 226003771
$3,299,000 4160 Raphael Dr 5 7 (6 1) 5379 0.52 225129104
$3,497,000 5001 Bent Creek Ct 4 5 (4 1) 5368 0.95 226013729
$3,499,000 325 Kimberlite Way 4 5 (5 0) 4717 0.52 226007176
$3,500,000 4150 Raphael Dr 4 5 (4 1) 4602 0.53 225114344
$3,500,000 4000 Errante Dr 4 6 (5 1) 6245 0.58 225101925
$3,740,000 6630 Western Sierra Way 4 5 (4 1) 4468 0.99 226021870
$3,750,000 1000 Aqua Haven Ct 4 6 (4 2) 6400 5.01 224094194
$3,795,000 4838 Moreau Ct 5 6 (5 1) 7319 0.76 225139670
$3,850,000 1022 Via Treviso 4 4 (3 1) 4407 1.04 226005076
$3,900,000 4573 Greenview Dr 4 6 (4 2) 4523 0.52 226011688
$3,900,000 4141 Greenview Dr 5 7 (5 2) 7365 0.51 225111741
$3,950,000 5331 Da Vinci Dr 6 5 (5 0) 5868 0.85 226027474
$3,950,000 101 Powers 7 8 (6 2) 9421 0.77 226011063
$4,200,000 4200 Raphael Dr 5 7 (5 2) 6759 0.54 226018063
$4,499,999 2070 W Green Springs Rd 5 8 (7 1) 7685 17.32 225125566
$4,998,000 4918 Moreau 6 6 (5 1) 5833 1.13 226000689
$6,495,000 2155 Salmon Valley Ln 6 5 (4 1) 9800 48 225117785
$8,900,000 2020 Kaila Way 5 7 (6 1) 6645 22.04 225044848
Residential
Homes 12603 Residential Homes Shingle SpringS
STREET ADDRESS BD. BA. SF ACRES LISTING #
$444,900 4505 S Shingle Rd 3 2 (2 0) 1282 0.34 226011355
$479,000 4241 Ascot Ln 2 1 (1 0) 857 1.95 226020982
226028886 $675,000 3834 Loma Dr 3 2 (2 0) 2056 5 225134967 $699,000 4611 Hillwood Dr 5 3 (3 0) 2432 1.05 225143362
$719,000
Residential Homes
12604 Residential Homes reScue / luneman
Residential Homes
12605 Residential Homes
Residential Homes
12701 Residential Homes
$449,900
4.18 225142144
$769,000 4460 Fawn St 4 3 (3 0) 2344 3.43 226012223
$825,000 5200 Deerwood Dr 3 2 (2 0) 2257 3.86 225144874
$875,000 3515 Linda
12704 Residential Homes
$425,000 6261 Grizzly Flat Rd 4 2 (2 0) 2236 2.24 226028120 $450,000 6330 Caldor Rd 3 2 (2 0) 1860 10.16 226018717 $450,000 3431 Elderberry Rd 3 2 (2 0) 1134 1.95 225151055
$469,000 9427 Grizzly Flat Rd 3 2 (2 0) 2400 4.3 226010226
$475,000 5351 Cosumnes Mine Rd 4 2 (2 0) 1747
Residential Homes
12801 Residential Homes camino, ceDar grove
Residential Homes
12802 Residential Homes pollock pineS
Program, Fees, and Guidelines are subject to change without notice. Restrictions apply. Not a commitment to lend. Land Home only conducts business in states we are approved to. Land
Financial Services 3420 Coach Lane, Suite 15, Cameron Park, CA 95682. NMLS #705400. Licensed by the Department of Business Oversight under the California Finance Lenders law - #6073455. CA Department of Business Oversight - 866-275-2677. California - Bureau of Real Estate Branch Of ce License Endorsement #00988341 1-2026
SOUGHT AFTER 55+ COMMUNITY
