IE Business Daily Business news for the Inland Empire.
Sales of existing single-family homes in January fell to their lowest level in eight months, according to data released Feb. 18.
Closed escrow sales totaled 256,550 in the first month of 2026, down 10.8 percent from December and down 1.3 percent year-over-year, the California Association of Realtors reported.
The median home price was $823,180, down 3.2 percent from December, and a 1.9 percent decline from December 2024.
The sales figures are annualized, meaning they reflect the number of homes that would be sold this year if January’s sales pace continued for the next 11 months. They are also seasonally adjusted.
Annualized sales have been below 300,000 for 40 consecutive months.
“California’s housing market pulled back in January, as heightened policy uncertainty and geopolitical tensions contributed to increased volatility in mortgage rates,” said Jordan Levine, the association’s senior vice president, in a statement. “More recent economic indicators suggest that the broader economy is beginning to stabilize, which should help restore confidence among both buyers and sellers.”
In the Inland Empire, January prices were down 0.8 percent both month-over-month and year-over-year, while January sales were down 23.6 percent from December, and down 0.7 percent compared with the end of 2024, according to the association.
