Real Estate and Home Mortgage Rates in California and Pasadena, California
A summary report on closed, active, and pending real estate transactions across California, with a detailed Pasadena breakdown by single family homes, condos, and townhomes, plus current mortgage rates. This edition was refreshed and re-verified on September 16, 2026.
By Alejandro Espitia
This report tracks trends in closed, active, and pending real estate transactions in California, then narrows in on Pasadena, California with a breakdown by single family homes, condos, and townhomes, and it closes with the latest home mortgage rates. Public data is published on weekly and monthly schedules rather than every 72 hours, so every figure below is labeled with its exact reporting period and its source. This edition was refreshed and its figures re-verified on September 16, 2026; where the most recent published number differs from the live market at any moment, the page says so plainly.
California at a glance: closed, active, and pending
The California Association of Realtors (C.A.R.) publishes the statewide numbers once a month, and July 2026 remained the most recent release when re-checked on this run, on September 16, 2026. The August 2026 report had still not been published as of this refresh. July shows a market that pulled back, with the statewide median slipping below $900,000 for the first time in four months, even as closed sales stayed above their year ago level.
| Metric | Latest value | Period |
|---|---|---|
| Closed transactions | 263,170 sales of existing single family homes, seasonally adjusted annualized rate; down 6.0% from June 2026 (279,880) and up 1.1% from July 2025 (260,250), the fourth straight month above its year ago level though the slowest pace in six months, with year to date sales up 1.8% | July 2026 |
| Median price | $887,680 statewide; down 1.9% from June 2026 ($904,640), up 0.3% from July 2025 ($885,180), and below the record $930,260 reached in May 2026 | July 2026 |
| Active listings | 73,896 active listings (Realtor.com series via FRED) for August 2026, up slightly from 73,565 in July 2026 and in line with a report of active listings declining year over year in 42 of 53 counties | August 2026 |
| Unsold inventory | 3.4 months of supply, up from 3.1 months in June 2026 and below the 3.7 months of July 2025, with supply historically tight by long run California standards | July 2026 |
| Pending transactions | No public state level pending count is published. The closest published signal is the Unsold Inventory Index above; live pending counts are available through the MLS | As of September 2026 |
Sources: C.A.R. July 2026 Home Sales and Price Report and the FRED active listing count series (Realtor.com).
National context, fresh this run. At the national level, NAR's existing home sales report for August 2026, released September 10, 2026, showed existing home sales at a seasonally adjusted annual rate of 3.98 million, down 2.0% from July and down 1.2% year over year, the slowest pace since June 2025. The national median existing home price was $429,100, up 1.6% year over year, while inventory reached 1.62 million units, a 4.9 month supply, the highest level in more than a decade. California, with its own 3.4 month supply, remains tighter than the national average.
Home mortgage rates this week
The benchmark U.S. average comes from Freddie Mac's weekly survey. Re-verified on September 16, 2026, the week of September 10, 2026 survey was still the latest release (the next survey is due September 17), and it showed rates ticking higher from the week before. California rates vary by lender, credit profile, and day, so think of the national average as the anchor and of quotes from local lenders as the real number to shop.
| Rate | Latest | Context |
|---|---|---|
| 30 year fixed (U.S. average) | 6.76% | Up from 6.71% the prior week. Week of September 10, 2026, re-verified September 16, 2026 |
| 15 year fixed (U.S. average) | 6.09% | Up from 6.04% the prior week. Week of September 10, 2026, re-verified September 16, 2026 |
| California affordability (C.A.R.) | 19% of households could afford the median priced home, down from 22% in Q1 2026 and up from 17% a year earlier | The Q2 2026 median priced home was $916,750, requiring about $228,400 in qualifying income with payments near $5,710 a month |
Sources: Freddie Mac Primary Mortgage Market Survey, C.A.R. Q2 2026 Housing Affordability report. California has no single official state rate benchmark; lender and portal quotes move daily, so the national average is the anchor and a local lender quote is the number to act on.
Pasadena, California: the market right now
Pasadena is the largest market in the San Gabriel Valley. Supply is historically constrained and well priced homes still attract multiple offers, though inventory in 2026 has given buyers more choice than in recent years. Here is the snapshot for this edition, refreshed on September 16, 2026, with each figure on its own dated line.
| Status | Latest published or live | Period and source |
|---|---|---|
| Active listings | Movoto counted about 479 active listings in July 2026, with roughly 441 homes in inventory and about 41 new listings that month; homes were selling at a $1,150,000 median | July 2026, Movoto |
| Pending listings | No public source publishes a citywide pending count for Pasadena in a dated snapshot. Pending and under contract counts live in the MLS and update constantly; Alejandro can pull the current number by text or through the form below | As of September 16, 2026 |
| Closed sales, all types | 103 homes sold in May 2026 at a $1,360,000 median with about 67 average days on market and a 103.3% sale to list ratio; April 2026 closed 90 homes at a $1,217,500 median with a 104.6% sale to list ratio | May and April 2026, CRMLS via CashForHouses |
| Closed sales, Q2 2026 | Sotheby's International Realty counted 795 closed sales across single family and condo in Q2 2026 at a $1.53 million median, up 7% from Q2 2025, with an average 38 days on market | Q2 2026, Sotheby's International Realty |
| Market pace | Redfin rates the market very competitive (71 of 100), with homes receiving about 4 offers on average and selling in about 35 days; the median sale price was about $1.2 million over the latest months, down about 0.45% from a year earlier | 2026 year to date, Redfin |
| Home values | Zillow reads the average home value at $1,206,740, up about 0.1% from a year earlier, with homes typically going to pending in about 19 days | mid 2026, Zillow |
Closed transactions by property type
Public sources publish a clean closed split by property type only every quarter, and the first quarter of 2026 is the most recent quarter with a fully published property type split that could be re-verified on this run (September 16, 2026). In that window townhomes were reported together with condos, so the combined figure is shown. For the freshest single month, the May 2026 citywide total of 103 closed sales (all types) is the latest available figure, because no public split for a later month could be verified.
| Closed transactions | Single family homes | Condos and townhomes |
|---|---|---|
| Q1 2026 (CRMLS), total | 129 closings | 78 combined closings |
| January 2026 | 38 closings at a $1,500,000 median | 24 closings at a $745,000 median |
| February 2026 | 36 closings at a $1,440,000 median | 28 closings at an $891,500 median |
| March 2026 | 55 closings at a $1,700,000 median | 26 closings at an $833,000 median |
Sources: Q1 2026 CRMLS summary via 1099cafe and the May 2026 CRMLS Pasadena market report.
Active and pending by type
Public sources do not publish Pasadena active and pending counts split by single family, condo, and townhome in one consistent, dated snapshot. Those exact, by type numbers live in the MLS (CRMLS) and update constantly. Alejandro can pull a live, by type breakdown of Pasadena active and pending inventory for your exact search at any time, by text or through the form below.
What this means for buyers, sellers, and investors
Three honest takeaways from the figures re-verified on this run, September 16, 2026. First, July closed sales fell to the slowest pace in six months and the statewide median slipped just below $900,000, yet sales still beat their year ago level for a fourth straight month and inventory at 3.4 months remains historically tight. Second, mortgage rates moved up to 6.76% on the 30 year fixed in the September 10 survey, which keeps affordability the binding constraint; the C.A.R. reads only 19% of California households able to afford the median priced home in Q2 2026. Third, Pasadena remains a competitive market with a median near $1.2 million and well priced homes still drawing multiple offers, so the by type detail that decides your offer, whether a single family, condo, or townhome, comes from the MLS, not from a portal headline.
About Alejandro Espitia
Text or call the source directly
Alejandro Espitia is a Broker Associate and REALTOR with 18+ years of experience at Apex Realty and Investments, serving buyers, sellers, and investors across Los Angeles, San Bernardino, San Gabriel, and Riverside, California. He holds California license number 01213999 and is fluent in both English and Spanish, so he can read the live market numbers and the mortgage picture in plain language that actually helps you decide.
Apex Realty & Investments
CA license 01213999
Broker Associate, REALTOR
English and Spanish
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Want the live version of these tables?
The published schedules that feed this report refresh on different calendars: C.A.R. monthly, Freddie Mac weekly, and the portals daily. If you need numbers for the last 72 hours, a specific Pasadena block, or a by type breakdown of active or pending inventory, text Alejandro at 626-314-9170 or use the form above, and he will pull the live listing service data for you.
This edition refreshed September 16, 2026 and re-labeled every figure with its reporting period and source. The next C.A.R. statewide release (August 2026 data) had still not been published as of this refresh, the Freddie Mac weekly survey dated September 10, 2026 remained the latest (the September 17 survey had not yet been released), and a fresh national datapoint, NAR's August 2026 existing home sales report, was added.