California
Local Housing Market · Zillow ZHVI · May 2026
$775,550
Typical Home Value
▼ 0.8% YoY ▼ 0.17% MoM
6.49%
30Y Mortgage Rate
PMMS · Jul 09, 2026
26bps
YoY Rate Change
▼ Lower than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 California Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$775,550
▼ 0.8% YoY
Month-over-Month
▼ 0.17% MoM
May 2026
Data Period
May 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.49%
PMMS · Jul 09, 2026
15Y Fixed
5.82%
PMMS · Jul 09, 2026
1yr Ago 30Y
6.75%
▼ Rates lower 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 · June 2026
• Inventory is down 5.5% YoY and listing prices are softening 2.9% YoY with 16.5% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 50 days — a moderate-paced market. Pending ratio is 0.42 — moderate demand, purchase timelines are manageable.
• New listings are declining 3.3% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$749,450
▼ 2.9% YoY
Median Days on Market
50d
0d YoY
Active Listings
72,497
▼ 5.5% YoY
New Listings
33,614
▼ 3.3% YoY
Price Reduced Share
16.5%
of active listings
Pending Ratio
0.42
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) · June 2026
Santa Rosa-Petaluma
▼ COOLING
National rank #95
Median Price
$998,000
Median DOM
40d
Demand score 61/100
Sacramento-Roseville-Folsom
▼ COOLING
National rank #97
Median Price
$634,900
Median DOM
41d
Demand score 62/100
Salinas
▼ COOLING
National rank #100
Median Price
$1,250,000
Median DOM
47d
Demand score 81/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply