IE Business Daily Business news for the Inland Empire.
Statewide sales of existing single-family homes rose for the third consecutive month in June, according to the California Association of Realtors.
Year-over-year sales totaled 279,880 during the sixth month of the year, an increase of six percent percent compared with one year earlier, the association reported.
That number is seasonally adjusted. It is also annualized, meaning it represents what would be the total number of homes sold during 2026 if sales maintained their June pace throughout the year.
Last month’s increase was the largest year-over-year sales hike since September.
Sales rose 4.1 percent between May and June.
California’s median home price fell to $904,640, down 2.8 percent from $930,260 in May, the highest median price ever recorded. That was a 0.4 percent increase from June 2025, when the median price was $901,310.
Sales were up 1.9 percent during the first six months of 2026.
In the Inland Empire, June sales were up 12.4 percent month over month and 8.3 percent year over. The median price of a home – $601,000 – was down 2.3 percent and 0.7 percent, the association reported.
