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California’s housing market in 2026 is expected to show more moderate price growth and improved stability compared with the rapid appreciation seen earlier in the decade. After several years of tight inventory and fierce competition, rising listings and slightly easing mortgage rates are helping balance supply and demand across many regions.
While high‑cost coastal metros like the Bay Area and Los Angeles may see more modest gains due to affordability pressures, inland and Central Valley markets could experience relatively stronger price support. Overall, most forecasts point to steady, single‑digit home price growth rather than sharp increases or steep declines, reflecting a maturing market adapting to economic and demographic trends.
California’s median home sale price currently sits at $827,700, according to RedFin. That’s 0.38% lower year-over-year.
The supply of homes available for sale is very tight across California. There is currently only a 3-month supply of properties listed on the market to meet the current buyer demand.
The number of homes sold in California decreased 3.8% year-over-year.
According to RedFin, listings spend an average of 49 days on the market before selling. That’s 10 days higher than the same time last year.
Current mortgage interest rates in California are 6.15% for a 30-year fixed-rate mortgage, and 5.44% for a 15-year fixed-rate mortgage.
The number of homes sold in Los Angeles decreased by 6.8% year-over-year.
According to RedFin, the median home sale price in Los Angeles increased by 2.5% to $1,030,000 over the past 12 months.
San Diego had a cool 2025 as home prices decreased by 2.1%. According to RedFin, the median home price in San Diego is $913,500.
San Francisco saw a 10.3% jump in the median home sale price this year, which now sits at $1,489,000.
If you have questions about home loans in California, we’re happy to help. Sammamish Mortgage is a mortgage firm that has been helping homebuyers and homeowners since 1992. Our experts will walk you through our mortgage programs to see which one is suited for you. Contact us today with any questions you have, get pre-approved for a mortgage, or visit our website to get an instant rate quote.
Whether you’re buying a home or ready to refinance, our professionals can help.
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No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.