California housing demand drops in September as buyers remain hesitant amid falling mortgage rates, C.A.R. reports

Existing, single-family home sales totaled 253,010 in September on a seasonally adjusted annualized rate, down 3.4 percent from 262,050 in August and up 5.1 percent from 240,840 in September 2023. September’s statewide median home price was $868,150, down 2.3 percent from August and up…