{"id":936,"date":"2026-05-13T11:00:00","date_gmt":"2026-05-13T11:00:00","guid":{"rendered":"https:\/\/www.markmallorca.com\/blog\/?p=936"},"modified":"2026-05-13T11:00:00","modified_gmt":"2026-05-13T11:00:00","slug":"california-home-sales-hit-42-mo-slump","status":"publish","type":"post","link":"https:\/\/www.markmallorca.com\/blog\/2026\/05\/california-home-sales-hit-42-mo-slump\/","title":{"rendered":"California Home Sales Hit 42-Mo Slump"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/mark-mallorca\/california-home-sales-slump\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>California existing single-family sales fell to a 265,320 annualized pace in Late-Q1, \u21933.5% MoM and \u21932.5% yearly, extending sub-300K sales to 42 straight mo.<br \/>\nThe statewide median price reached $889.2K in Late-Q1, \u21917.1% MoM and up slightly yearly, while year-to-date California home sales \u21931.3%.<br \/>\nHigher mortgage rates, energy costs, financial-market volatility, and war-related uncertainty kept many buyers cautious, leaving California&#039;s housing market muted during the peak spring buying season.<br \/>\nInventory tightened entering peak season. The statewide unsold inventory measure \u219317.5% MoM and \u21935.7% yearly, even as active listings rose in nearly half of counties.<br \/>\nHomes took 23 days to sell versus 22 a year earlier, the sales-to-list-price ratio stayed at 100%, and all five major regions posted yearly sales gains.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>California existing single-family sales fell to a 265,320 annualized pace in Late-Q1, \u21933.5% MoM and \u21932.5% yearly, extending sub-300K sales to 42 straight mo. The statewide median price reached $889.2K in Late-Q1, \u21917.1% MoM and up slightly yearly, while year-to-date California home sales \u21931.3%. Higher mortgage rates, energy costs, financial-market volatility, and war-related uncertainty kept [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/comments?post=936"}],"version-history":[{"count":1,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/936\/revisions"}],"predecessor-version":[{"id":938,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/936\/revisions\/938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/media\/937"}],"wp:attachment":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/media?parent=936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/categories?post=936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/tags?post=936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}