California Real Estate Market Update: June 2026 This report provides an overview of key real estate market indicators across California as of June 2026, focusing on data points relevant to For Sale By Owner (FSBO) sellers.
Median Home Prices As of June 2026, the statewide median home price in California reached approximately $885,000.
This represents a 3.5% increase compared to May 2026 and a 7.2% increase year-over-year from June 2025.
Regional variations are notable.
The median price in the Bay Area, for instance, stood at around $1,350,000, reflecting a 4.1% monthly increase.
Southern California, including the Los Angeles metropolitan area, reported a median price of approximately $930,000, an increase of 3.8% from the previous month.
The Central Valley and Inland Empire regions observed median prices closer to $550,000 and $600,000 respectively, with monthly increases of 2.9% and 3.2%.
Days on Market (DOM) The average days on market (DOM) for single-family homes across California in June 2026 was 21 days.
This figure indicates a slight decrease from the 23 days reported in May 2026 and a more significant decrease from 28 days in June 2025.
Properties in highly desirable urban and suburban areas, particularly those in move-in ready condition, often experienced shorter market times, with some closing in under 15 days.
Conversely, properties requiring significant renovations or located in less accessible areas sometimes remained on the market for 30 days or more.
The Bay Area recorded an average DOM of 17 days, while Southern California averaged 20 days.
The Central Valley and Inland Empire regions saw average DOM figures of 25 and 24 days, respectively.
Buyer Demand Buyer demand in California remained robust throughout June 2026.
Mortgage applications for home purchases increased by 2.1% statewide compared to May 2026, and by 6.5% year-over-year.
Open house attendance figures, where available, indicated consistent interest from prospective buyers, particularly for homes priced competitively within their local submarkets.
Multiple offer situations were reported in approximately 45% of transactions statewide, a slight increase from 42% in May 2026.
This trend was more pronounced in the Bay Area and parts of Southern California, where multiple offers occurred in over 60% of sales.
Interest rates for a 30-year fixed-rate mortgage averaged 6.8% during June, showing minor fluctuations but not significantly deterring qualified buyers.
Inventory Levels Housing inventory levels in California continued to be constrained in June 2026.
The total number of active listings statewide decreased by 1.8% from May 2026 and by 5.3% compared to June 2025.
This translated to approximately 2.2 months of supply based on current sales pace, a slight reduction from 2.3 months in the previous month.
A balanced market is typically considered to have 5-6 months of supply.
The Bay Area reported particularly tight inventory, with less than 1.8 months of supply.
Southern California also experienced low inventory, hovering around 2.0 months.
While new listings did come onto the market, they were often absorbed quickly, contributing to the persistent supply-demand imbalance.