California Home Sales Slow in Early Fall

California existing single-family sales ran at a 260.4K annualized pace statewide in Late-Q3, ↓~3% MoM from 269.6K as buyer demand softened recently.
Statewide avg. existing single-family price eased slightly in Late-Q3, moving from $901.4K in Mid-Q3 to $899.7K while affordability and mortgage costs stayed challenging.
Los Angeles County avg. price moved from $947K to $994.7K in Late-Q3, while Orange County avg. price moved from $1.452M to $1.48M.
Within California, Los Angeles County sales were ↑~5% MoM in Late-Q3, while Orange County sales were ↓<1% from the prior month recently.
With the market feeling less rushed entering Early-Q4, well-prepared California buyers had more time to compare homes, negotiate, and target the right fit.