In exciting news for both buyers and sellers in the California real estate market, February 22, 2026 has seen a record breaking number of sales across the state. As the housing market continues to soar, experts are attributing this surge in activity to a variety of factors including high demand, low interest rates, and the ongoing influx of out-of-state buyers.According to data released by the California Association of Realtors (CAR), home sales in the state have increased by nearly 15% compared to this time last year. This marks the highest number of sales for the month of February in over a decade, with both median home prices and sales volume reaching all-time highs.In major cities like Los Angeles, San Francisco, and San Diego, bidding wars have become increasingly common as buyers compete for limited inventory. Despite this fierce competition, many sellers are seeing multiple offers well above asking price, with some properties selling within days of being listed.Industry experts believe that the current housing market boom can be attributed to a combination of factors, including a strong economy, low unemployment rates, and an influx of tech companies and startups establishing headquarters in California. Additionally, the rise of remote work has allowed more individuals to relocate to the state, further driving up demand for housing.Real estate agents and brokers are reporting that properties are selling faster than ever before, with some homes going under contract within hours of being listed. This frantic pace has led to a sense of urgency among buyers, many of whom are willing to waive contingencies and pay well above asking price in order to secure their dream home.While this unprecedented surge in activity is undoubtedly positive for sellers, it has also raised concerns about affordability and access to housing for many Californians. As prices continue to climb, some worry that low- and middle-income families may be priced out of the market, further exacerbating the state's housing crisis.Overall, the California real estate market shows no signs of slowing down as we move further into 2026. With interest rates remaining historically low and demand continuing to outpace supply, experts predict that this trend of record-breaking sales is likely to persist in the months to come.