California Housing Market Slows in March Amid Geopolitical Tensions and Rising Mortgage Rates
California's housing market saw a decline in existing home sales in March 2026, with a 3.5% drop from February and a 2.5% decrease compared to March 2025. The median home price increased by 7.1% year-over-year to $889,190, but overall sales remained below the 300,000 benchmark for the 42nd consecutive month due to geopolitical tensions and higher mortgage rates.
Topics: economic factors geopolitical concerns home sales housing market median home price