Home sales experienced a decline in the Southern California last month, according to the California Association of Realtors.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 264,240 in August. Last month's home sales edged up 0.9% from the 261,820 homes sold in July and slipped 0.2% from a year ago, when 264,640 homes were sold on an annualized basis, the association announced on Monday.

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.

Los Angeles County's sales figure was down 16% from July, but up 12.3% from August

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