Elevated mortgage rates and affordability challenges slowed Los Angeles County's housing market, with median home prices dropping 2.6% to $888,120 and sales falling 0.9% year-over-year. Mortgage rates averaged 6.54% in July, limiting buyer power. In contrast, Orange County saw a 5.4% price increase to $1,475,000 and a 0.6% sales rise. Statewide, home sales grew 1.1%, with median prices up 0.3%, while luxury market activity declined.