California home sales strong, yet prices and transactions slide in September

Post-summer slowdown showing in California home sales, but there's nothing to worry about.
  • Properties are selling below list price, except in the San Francisco Bay Area.
  • Sales remained vigorous in September, with more than 400,00 properties changing hands.
  • The median price of an existing, single-family detached California home decreased 2.3 percent in September.

According to the California Association of Realtors, September’s seasonally adjusted annualized rate of closed sales is 425,030 existing, single-family detached homes.