California
Local Housing Market · Zillow ZHVI · July 2026
$773,735
Typical Home Value
▲ 0.0% YoY ▲ 0.04% MoM
6.65%
30Y Mortgage Rate
PMMS · Aug 20, 2026
9bps
YoY Rate Change
▲ Higher than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 California Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$773,735
▲ 0.0% YoY
Month-over-Month
▲ 0.04% MoM
July 2026
Data Period
July 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.65%
PMMS · Aug 20, 2026
15Y Fixed
5.95%
PMMS · Aug 20, 2026
1yr Ago 30Y
6.56%
▲ Rates higher now
30Y/10Y Spread
195bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · California
Market Indicators
REALTOR.COM🏦 LO Market Signal · July 2026
• Inventory is down 5.7% YoY and listing prices are flat 0.7% YoY with 18.1% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 52 days — a slower market. Pending ratio is 0.39 — moderate demand, purchase timelines are manageable.
• New listings are declining 2.8% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$744,750
▼ 0.7% YoY
Median Days on Market
52d
0d YoY
Active Listings
73,565
▼ 5.7% YoY
New Listings
30,996
▼ 2.8% YoY
Price Reduced Share
18.1%
of active listings
Pending Ratio
0.39
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in California
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · July 2026
Modesto
▼ COOLING
National rank #80
Median Price
$514,620
Median DOM
41d
Demand score 62/100
Yuba City
▼ COOLING
National rank #98
Median Price
$464,999
Median DOM
49d
Demand score 69/100
Sacramento-Roseville-Folsom
▼ COOLING
National rank #101
Median Price
$625,000
Median DOM
45d
Demand score 60/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply