SACRAMENTO — A modest improvement in mortgage rates and stabilizing home prices boosted California home sales in August, the California Association of Realtors reported.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 264,240 in August, according to information collected by CAR from more than 90 local Realtor associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2025 if sales maintained the August pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

August home sales activity edged up 0.9% from the 261,820 homes sold in July and slipped 0.2% from a year ago, when 264,6

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