Southern California home sales hit second-slowest 12-month pace on record through July after three years of freeze that outpaces Great Recession lows

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Southern California home buying crashes to second-slowest pace on record through July, 3 percent under the worst Great Recession monthsLansner analysis of revised Attom numbers out October 27 put closed sales across six counties 33 percent below the average pace since 2005 for the 12 months ending July. Only May 2026 ran slower. Seventeen of the 25 slowest months in 21 years have hit since 2023. Median price still hit $815,000 in July, fourth-highest ever, 2 percent off the peak. Fifteen percent of Orange County households could afford a home last spring.

Same Attom series already showed 2023–2025 sales totals under the 2007–2009 collapse. Twelve-month counts through spring stayed below the recession floor. September existing sales in Southern California dropped 9.1 percent year-over-year as the 30-year rate climbed to 6.86 percent. Statewide volume held under the 300,000 annualized line for the 48th straight month.

https://www.ocregister.com/2026/10/27/southern-california-homebuying-crashes-to-2nd-slowest-pace-on-record/

https://nypost.com/2026/10/28/real-estate/home-buying-crashes-in-socal-with-levels-worse-than-great-recession/

https://www.ocregister.com/2026/07/06/southern-california-homebuying-remains-below-great-recession-lows/

https://www.ocregister.com/2026/02/19/southern-california-homebuying-remains-below-great-recessions-crash/

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