Posts from August 2025

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August
19

August 19, 2025

California home sales trail last year's levels for fourth straight month, C.A.R. says

  • Existing, single-family home sales totaled 261,820 in July on a seasonally adjusted annualized rate, down 1.0 percent from 264,400 in June and down 4.1 percent from 272,990 in July 2024.

  • July's statewide median home price was $884,050, down 1.7 percent from $899,790 in June and down 0.3 percent from $886,420 in July 2024.

  • Year-to-date statewide home sales were down 0.4 percent.

SACRAMENTO (Aug. 19) – California's spring homebuying season continued to fall short of expectations, as elevated mortgage rates and growing economic concerns restrained home sales from year ago levels for the fourth straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Infographic: https://www.car.org/Global/Infographics/2025-07-Sales-and-Price


Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 261,820 in July, according to information collected by C.A.R. 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 July pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

July home sales activity dipped 1.0 percent from the 264,400 homes sold in June and was down 4.1 percent from a year ago, when 272,990 homes were sold on an annualized basis. July marked the fourth consecutive month of year-over-year sales declines, pushing the year-to-date sales into negative territory (-0.4 percent) for the first time in six months. It was also the 34th straight month in which the seasonally adjusted sales rate remained below the 300,000 benchmark.

Statewide pending sales slipped from last year's level for the eighth consecutive month in July, registering the largest year-over-year decline since November 2023. While mortgage rates have dropped to their lowest level since October 2024, the latest uptick in inflation could reverse the recent rate improvement trend and push rates back up closer to 7 percent. As such, housing demand is likely to remain soft through August until buyers and sellers get a better sense of what direction the market and economy are going.

"The housing market experienced a modest slowdown in both sales and prices in July as some buyers stepped back, waiting for more certainty in the market and broader economy," said C.A.R. President Heather Ozur, a Palm Springs REALTOR®. "Encouragingly, mortgage rates have recently declined to their lowest level since last October, and that has already led to an increase in purchase applications. If this trend continues, we could see stronger buyer activity and renewed demand in the months ahead."   

California's median home price declined for the third consecutive month, falling to a five-month low of $884,050. The July figure was down 1.7 percent from June and also down 0.3 percent from $886,420 in July 2024. The July monthly drop is inconsistent with the long-run average of a 0.3 percent gain typically observed between June and July, suggesting the market could be bucking the usual seasonal pattern as elevated mortgage rates and economic uncertainty continue to soften demand and exert downward pressure on home prices.

 

"With housing inventory reaching a plateau and the statewide sales-price-to-list ratio hitting a near 30-month low, the market appears to be cooling off slightly as home prices dipped for the third straight month," said C.A.R. Senior Vice President and Chief Economist Jordan Levine. "Even with recent price declines, California's median home price could still see a modest annual increase in 2025, provided the market stabilizes in the coming months."

Other key points from C.A.R.'s July 2025 resale housing report include:

  • At the regional level, non-seasonally adjusted home sales improved in only two of California's five major regions on a year-over-year basis. The Far North edged out a 4.8 percent gain from a year ago, while the Central Coast surpassed last year's sales by 1.7 percent. In contrast, the San Francisco Bay Area experienced the largest regional decline, with sales falling 4.1 percent, while Southern California (-1.7 percent) and the Central Valley (-1.5 percent) both recorded more modest pullbacks.
  • At the county level, 18 of the 53 counties tracked by C.A.R. recorded year-over-year sales gains in July, with half of those counties achieving double-digit sales growth. Imperial County (116.1 percent) was the only county with a triple-digit increase from a year ago, followed by Mariposa (91.7 percent) and Butte (41.6 percent). Thirty-four counties experienced annual sales declines in July, with nine counties dropping more than 10 percent including Mendocino (-26.7 percent), Lake (-22.6 percent), and Madera (-21.3 percent).

     

  • In July, only two of California's five major regions saw year-over-year median home price increases, while two remained unchanged, and one declined. The Central Coast posted the largest gain at 4.9 percent compared to July 2024, followed by the Far North with a 3.1 percent rise. Prices in the Central Valley and San Francisco Bay Area held steady, while Southern California recorded a slight 0.7 percent dip.

  • At the county level, 31 of California's 53 counties posted year-over-year median home price gains. Mono (56.5 percent) had the sharpest increase of all the counties, followed by Santa Barbara (32.4 percent) and Tehama (27.6 percent). Twenty-one counties experience price drops from a year ago, with Trinity (-19.2 percent) dipping the most, while Mendocino (-15.0 percent), and Plumas (-14.6 percent) recorded the second and the third steepest annual price declines in July, respectively.
  • July's unsold inventory index (UII), which measures the number of months needed to sell the supply of homes on the market at the current sales rate, slipped from June, as fewer new listings came onto the market. The index was 3.7 months in July, a slight dip from 3.8 in June but up from 2.9 months in July 2024. On a yearly basis, the UII continued to post double-digit growth, with total supply surpassing last year's levels for the 17th consecutive month.

    Total active listings were up 37.7 percent from a year ago, reaching a 69-month high. That said, the pace of growth in total active listings decelerated for the third straight month, hitting its lowest rate in seven months.
  • The median number of days it took to sell a California single-family home was 28 days in July, up from 20 days in July 2024.
  • C.A.R.'s statewide sales-price-to-list-price ratio* was 98.5 percent in July 2025 and 100 percent in July 2024.
  • The statewide median price per square foot** for an existing single-family home was $435, down from $437 in July a year ago.
  • The 30-year, fixed-mortgage interest rate averaged 6.72 percent in July, down from 6.85 percent in July 2024, according to C.A.R.'s calculations based on Freddie Mac's weekly mortgage survey data.

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data is not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower end or the upper end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. The change in median prices should not be construed as actual price changes in specific homes.

*Sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its original list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property. It is calculated as the sale price of the home divided by the number of finished square feet. C.A.R. currently tracks price-per-square foot statistics for 53 counties.

Leading the way…® in California real estate for 120 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Sacramento.

# # #

July 2025 County Sales and Price Activity
(and condo sales data not seasonally adjusted)

July 2025

Median Sold Price of Existing Single-Family Homes

Sales

State/Region/County

July

2025

June

2025

 

July

2024

 

Price MTM% Chg

Price YTY% Chg

Sales MTM% Chg

Sales YTY% Chg

Calif. Single-family home

$884,050

$899,790

r

$886,420

 

-1.7%

-0.3%

-1.0%

-4.1%

Calif. Condo/Townhome

$647,000

$670,000

 

$680,000

 

-3.4%

-4.9%

-0.1%

-4.4%

Los Angeles Metro Area

$845,500

$847,970

 

$849,000

 

-0.3%

-0.4%

0.3%

-1.0%

Central Coast

$1,115,680

$1,038,000

r

$1,064,000

 

7.5%

4.9%

-0.6%

1.7%

Central Valley

$500,000

$499,000

 

$500,000

 

0.2%

0.0%

6.1%

-1.5%

Far North

$397,000

$385,000

 

$385,000

r

3.1%

3.1%

6.5%

4.8%

Inland Empire

$589,020

$605,000

 

$600,000

 

-2.6%

-1.8%

-2.5%

-5.4%

San Francisco Bay Area

$1,300,000

$1,400,000

 

$1,300,000

 

-7.1%

0.0%

-4.0%

-4.1%

Southern California

$875,030

$876,840

 

$881,000

 

-0.2%

-0.7%

1.3%

-1.7%

 

 

 

 

 

 

 

 

 

 

San Francisco Bay Area

 

 

 

 

 

 

 

 

 

Alameda

$1,250,000

$1,321,000

 

$1,280,000

 

-5.4%

-2.3%

-3.3%

-7.4%

Contra Costa

$862,500

$940,000

 

$916,500

 

-8.2%

-5.9%

1.1%

-3.8%

Marin

$1,625,000

$1,650,000

 

$1,594,000

 

-1.5%

1.9%

-16.1%

-13.2%

Napa

$925,000

$1,100,000

 

$1,052,500

 

-15.9%

-12.1%

38.6%

11.3%

San Francisco

$1,637,380

$1,705,000

 

$1,600,000

 

-4.0%

2.3%

-12.2%

-7.2%

San Mateo

$2,100,000

$2,140,000

r

$2,100,000

 

-1.9%

0.0%

-0.9%

12.2%

Santa Clara

$1,900,000

$2,110,000

r

$1,880,000

 

-10.0%

1.1%

-12.8%

-8.7%

Solano

$593,680

$571,520

 

$586,400

 

3.9%

1.2%

2.1%

-8.6%

Sonoma

$845,450

$850,000

 

$850,000

 

-0.5%

-0.5%

1.1%

6.1%

Southern California

 

 

 

 

 

 

 

 

 

Imperial

$415,000

$400,000

 

$385,000

 

3.8%

7.8%

55.8%

116.1%

Los Angeles

$911,360

$903,650

 

$909,010

 

0.9%

0.3%

-1.6%

1.0%

Orange

$1,400,000

$1,470,000

 

$1,390,000

 

-4.8%

0.7%

6.9%

-1.0%

Riverside

$630,000

$635,000

 

$639,670

r

-0.8%

-1.5%

-5.0%

-7.4%

San Bernardino

$486,290

$482,460

 

$497,250

r

0.8%

-2.2%

2.3%

-0.5%

San Diego

$1,040,000

$1,025,000

 

$1,020,000

 

1.5%

2.0%

3.8%

-6.5%

Ventura

$949,500

$975,000

 

$972,000

 

-2.6%

-2.3%

8.9%

12.7%

Central Coast

 

 

 

 

 

 

 

 

 

Monterey

$1,022,500

$957,750

r

$945,000

 

6.8%

8.2%

-3.9%

3.5%

San Luis Obispo

$940,000

$880,000

 

$1,035,000

 

6.8%

-9.2%

-6.9%

-1.5%

Santa Barbara

$1,095,500

$1,222,500

 

$827,500

 

-10.4%

32.4%

3.6%

-1.1%

Santa Cruz

$1,395,500

$1,330,000

 

$1,355,000

 

4.9%

3.0%

8.4%

8.4%

Central Valley

 

 

 

 

 

 

 

 

 

Fresno

$440,000

$438,370

 

$420,000

 

0.4%

4.8%

8.0%

-0.5%

Glenn

$375,000

$385,000

 

$330,500

 

-2.6%

13.5%

30.8%

6.3%

Kern

$390,000

$409,000

 

$413,000

 

-4.6%

-5.6%

1.0%

-1.2%

Kings

$365,000

$365,000

 

$369,000

 

0.0%

-1.1%

-5.8%

19.8%

Madera

$445,000

$426,000

 

$424,350

 

4.5%

4.9%

-3.3%

-21.3%

Merced

$440,000

$446,310

 

$413,500

 

-1.4%

6.4%

17.4%

-5.8%

Placer

$687,480

$705,000

 

$670,000

 

-2.5%

2.6%

12.6%

-1.6%

Sacramento

$559,500

$549,450

 

$560,000

 

1.8%

-0.1%

13.7%

1.1%

San Benito

$799,900

$877,720

 

$778,000

 

-8.9%

2.8%

-12.5%

-5.4%

San Joaquin

$530,000

$578,500

 

$585,000

 

-8.4%

-9.4%

-4.4%

-2.5%

Stanislaus

$475,000

$495,000

 

$485,000

 

-4.0%

-2.1%

-2.1%

-12.6%

Tulare

$382,990

$389,000

 

$380,000

 

-1.5%

0.8%

7.7%

8.2%

Far North

 

 

 

 

 

 

 

 

 

Butte

$456,500

$487,000

 

$430,000

 

-6.3%

6.2%

32.6%

41.6%

Lassen

$311,000

$286,500

 

$265,000

 

8.6%

17.4%

0.0%

12.5%

Plumas

$434,500

$328,750

 

$508,500

 

32.2%

-14.6%

-16.7%

-11.8%

Shasta

$380,000

$382,500

 

$394,450

 

-0.7%

-3.7%

4.9%

-1.8%

Siskiyou

$365,000

$315,000

 

$335,000

r

15.9%

9.0%

-2.7%

-20.0%

Tehama

$370,000

$380,700

 

$290,000

 

-2.8%

27.6%

-9.7%

-3.4%

Trinity

$240,500

$311,000

 

$297,500

 

-22.7%

-19.2%

-27.3%

0.0%

Other Calif. Counties

 

 

 

 

 

 

 

 

 

Amador

$415,000

$412,500

 

$399,000

 

0.6%

4.0%

15.8%

-2.2%

Calaveras

$456,750

$465,000

 

$474,000

 

-1.8%

-3.6%

-23.6%

-20.9%

Del Norte

$369,000

$405,000

 

$424,000

r

-8.9%

-13.0%

-6.3%

-16.7%

El Dorado

$717,500

$730,000

 

$695,000

 

-1.7%

3.2%

-8.7%

-3.5%

Humboldt

$450,000

$422,500

 

$442,500

 

6.5%

1.7%

-6.3%

9.1%

Lake

$364,500

$301,380

 

$350,000

 

20.9%

4.1%

-7.7%

-22.6%

Mariposa

$450,000

$394,500

 

$472,500

 

14.1%

-4.8%

43.8%

91.7%

Mendocino

$467,000

$550,000

 

$549,500

 

-15.1%

-15.0%

-6.4%

-26.7%

Mono

$1,064,000

$815,000

 

$680,000

 

30.6%

56.5%

11.1%

-9.1%

Nevada

$549,500

$573,500

 

$609,480

 

-4.2%

-9.8%

-1.8%

-9.8%

Sutter

$460,000

$450,000

 

$435,000

 

2.2%

5.7%

-14.5%

30.6%

Tuolumne

$455,000

$420,000

 

$385,000

 

8.3%

18.2%

2.8%

8.8%

Yolo

$635,000

$680,000

 

$610,000

 

-6.6%

4.1%

0.0%

-9.7%

Yuba

$440,000

$430,000

 

$438,400

 

2.3%

0.4%

20.3%

-6.6%

r = revised
NA = not available

 

July 2025 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)

July 2025

Unsold Inventory Index

Median Time on Market

State/Region/County

July

2025

June

2025

 

July

2024

 

July

2025

June

2025

 

July

2024

 

Calif. Single-family home

3.7

3.8

 

2.9

 

28.0

24.0

 

20.0

 

Calif. Condo/Townhome

4.5

4.4

 

3.0

 

34.0

31.0

 

22.0

 

Los Angeles Metro Area

3.9

4.0

 

3.0

 

30.0

29.0

 

22.0

 

Central Coast

3.9

3.8

 

3.3

 

22.0

20.0

 

18.0

 

Central Valley

3.6

3.7

 

2.8

 

27.0

23.0

 

19.0

 

Far North

5.2

5.6

 

4.6

 

32.0

24.0

 

33.0

 

Inland Empire

4.5

4.4

 

3.4

 

38.0

36.0

 

27.0

 

San Francisco Bay Area

2.7

2.7

 

2.0

 

24.0

20.0

 

16.0

r

Southern California

3.8

3.9

 

2.9

 

29.0

27.0

 

21.0

 

 

 

 

 

 

 

 

 

 

 

 

San Francisco Bay Area

 

 

 

 

 

 

 

 

 

 

Alameda

2.4

2.4

 

1.6

 

16.0

15.0

 

13.0

 

Contra Costa

3.1

3.2

 

1.8

 

18.0

17.0

 

13.0

 

Marin

2.8

2.7

 

1.8

 

62.0

49.0

 

57.0

 

Napa

7.0

9.9

 

5.5

 

56.0

79.0

 

63.0

 

San Francisco

1.5

1.6

 

1.4

 

36.0

33.0

 

27.0

 

San Mateo

1.8

2.0

 

2.0

 

13.0

12.0

 

12.0

 

Santa Clara

1.9

1.8

 

1.6

 

13.0

11.0

r

9.0

 

Solano

3.6

3.6

 

2.7

 

49.0

44.0

 

44.0

 

Sonoma

3.7

3.7

 

3.1

 

63.0

60.0

 

54.0

 

Southern California

 

 

 

 

 

 

 

 

 

 

Imperial

2.3

3.7

 

3.4

 

25.0

43.0

 

24.0

 

Los Angeles

3.7

4.0

 

3.0

 

27.0

24.0

 

19.0

 

Orange

3.3

3.4

 

2.5

 

28.0

26.0

 

20.0

 

Riverside

4.2

4.0

 

3.1

 

40.0

41.0

 

29.0

r

San Bernardino

5.2

5.4

 

4.2

r

35.0

33.0

 

25.0

 

San Diego

3.5

3.6

 

2.6

 

24.0

21.0

 

16.0

 

Ventura

3.5

3.7

 

2.8

 

41.0

38.0

 

30.0

 

Central Coast

 

 

 

 

 

 

 

 

 

 

Monterey

4.2

3.8

r

3.8

 

22.5

29.0

 

17.0

 

San Luis Obispo

3.7

3.6

 

2.9

 

32.0

29.0

 

23.0

 

Santa Barbara

3.6

3.7

 

3.3

 

20.0

15.0

 

16.5

 

Santa Cruz

4.0

4.3

r

3.2

 

16.0

15.0

 

17.0

 

Central Valley

 

 

 

 

 

 

 

 

 

 

Fresno

3.5

3.8

 

2.9

 

17.0

18.0

 

15.0

 

Glenn

3.1

4.3

 

2.6

 

40.0

46.0

 

27.0

 

Kern

3.2

3.2

 

2.5

 

28.0

21.0

 

19.0

 

Kings

3.2

3.0

 

2.1

 

35.0

19.0

 

17.0

 

Madera

6.1

5.6

 

4.2

 

38.5

31.0

 

21.0

r

Merced

3.8

4.4

 

2.8

 

27.0

22.0

 

23.5

 

Placer

3.5

4.0

 

2.8

 

30.0

28.0

 

21.0

 

Sacramento

3.0

3.3

 

2.4

 

27.0

22.0

 

19.0

 

San Benito

4.5

4.0

 

3.9

 

20.0

27.0

 

23.0

 

San Joaquin

4.5

4.1

 

3.1

 

31.0

28.0

 

19.0

 

Stanislaus

3.9

3.6

 

2.8

 

25.0

22.0

 

16.5

 

Tulare

3.3

3.7

 

2.8

 

33.0

24.0

 

20.0

 

Far North

 

 

 

 

 

 

 

 

 

 

Butte

3.2

4.3

 

3.8

 

30.0

24.0

 

16.0

 

Lassen

8.2

8.3

 

8.4

 

33.0

25.5

 

63.5

 

Plumas

8.8

7.8

 

6.5

r

44.5

35.5

 

34.5

r

Shasta

4.6

4.8

 

3.6

 

28.0

21.0

 

27.5

 

Siskiyou

8.8

8.5

 

6.6

r

30.5

19.0

 

51.0

r

Tehama

5.0

4.7

 

4.8

 

54.5

39.0

 

69.0

 

Trinity

15.6

11.4

 

12.9

 

34.0

19.0

 

53.5

r

Other Calif. Counties

 

 

 

 

 

 

 

 

 

 

Amador

7.6

9.2

 

7.0

 

58.0

49.5

 

38.0

 

Calaveras

6.3

5.1

 

4.6

 

46.5

23.0

 

30.5

 

Del Norte

7.6

7.3

 

6.8

r

61.0

50.5

 

44.5

r

El Dorado

5.5

4.9

 

4.6

 

36.0

24.0

 

25.0

 

Humboldt

5.6

5.3

 

5.4

 

29.5

17.5

 

20.0

 

Lake

11.2

10.3

 

6.8

 

60.0

53.5

 

35.0

 

Mariposa

6.5

8.7

 

10.1

 

24.0

61.0

 

37.0

 

Mendocino

10.8

9.9

 

6.4

 

95.0

74.0

 

53.0

 

Mono

4.3

5.7

 

3.2

 

12.0

6.0

 

28.0

r

Nevada

5.2

5.5

 

3.9

 

40.0

25.0

 

42.5

 

Sutter

4.6

3.8

 

4.4

 

30.0

31.0

 

24.5

 

Tuolumne

7.6

7.7

 

5.6

 

53.5

38.5

 

27.5

 

Yolo

3.8

3.3

 

2.6

 

33.5

28.0

 

19.0

 

Yuba

5.0

5.6

 

4.2

 

32.0

40.0

 

30.5

 

r = revised
NA = not available

 Article CAR.org

August
8

August
7

Today, August 7, 2025, the average 30-year fixed mortgage rate is around 6.66%. Refinancing options, like a 30-year fixed refinance, are currently averaging about 6.84%. The 15-year fixed refinance rate is slightly lower, around 6.11%. 
Here's a more detailed breakdown:

Click Here to Read More...

August
7

For release:
July 17, 2025

California home sales rebound in June, reversing three straight months of declines;
Altadena, Pacific Palisades year-to-date home sales, median price plummet six months post January wildfires

  • Existing, single-family home sales totaled 264,260 in June on a seasonally adjusted annualized rate, up 4.0 percent from 254,190 in May and down 0.3 percent from 264,960 in June 2024.

  • June's statewide median home price was $899,560, down 0.1 percent from May and down 0.1 percent from $900,720 in June 2024.

  • Year-to-date statewide home sales were up 0.2 percent.

SACRAMENTO (July 17) – Amid stabilizing home prices and a greater availability of homes for sale, California's housing market rebounded in June, but remained below year-ago levels, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Infographic:  https://www.car.org/Global/Infographics/2025-06-Sales-and-Price

 

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 264,260 in June, according to information collected by C.A.R. 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 June pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

June home sales activity rose 4.0 percent from the 254,190 homes sold in May and was down 0.3 percent from a year ago, when 264,960 homes were sold on an annualized basis. June's rebound reversed three consecutive months of sales declines and was only one of two months of sales increases for the first half of 2025. The year-over-year decline marked the third straight decrease and was the first time since late 2023 that annual sales fell for three consecutive months. Year-to-date sales were barely above a year ago and could fall behind last year's level in July if market activity remains stagnant.

Statewide pending sales in June slipped from last year's level for the seventh consecutive month, posting the largest year-over-year drop since January 2025. With mortgage rates rising steadily in the past couple of weeks, housing demand will likely remain soft for the month of July.

"With more properties on the market and price growth flattening, conditions have become more favorable for prospective buyers who have been waiting on the sidelines to re-enter the market and take advantage of increased negotiating power," said C.A.R. President Heather Ozur, a Palm Springs REALTOR®. "While sales could remain soft at the start of the third quarter, recent improvements in housing sentiment suggest that the market could see a bounce-back in the second half of the year." 

California's median home price fell for the second straight month in June, slipping below the $900,000 mark for the first time in three months. The June median price of $899,560 was down 0.1 percent from May and also down 0.1 percent from $900,720 in June 2024. June's 0.1 percent decline was not in line with the historical average gain of 0.8 percent, suggesting non-seasonal factors such as market uncertainty and elevated mortgage rates had a negative lingering effect on housing demand and home prices.


"While the California housing market has not yet fully transitioned to a buyers' market, it is exhibiting increasing signs of being more balanced. Inventory levels continue to normalize, with active listings posting year-over-year gains and the time on market has lengthened compared to the prior year, indicating a deceleration in the pace of sales activity," said C.A.R. Senior Vice President and Chief Economist Jordan Levine. "Additionally, the proportion of homes closing above asking price has declined, reflecting a reduction in the intensity of bidding competition. As a result, sellers are demonstrating greater willingness to negotiate on pricing, concessions, and other terms, which creates more advantageous conditions for those considering a home purchase."

 

Altadena/Pacific Palisades market update six-months post wildfires

In the six months since the January Southern California wildfires, not surprisingly, the city of Altadena experienced a steep decline in home sales on a year-to-date basis, dropping by 54.8 percent compared to 2024. Pacific Palisades saw an even more pronounced contraction in market activity, with closed sales plummeting by 83.8 percent over the same period. This slowdown reflects both the lingering disruption from last year's wildfires and broader buyer hesitancy amid uncertainty about rebuilding timelines, insurance costs, and long-term property values.

The median price of a home in Altadena decreased significantly for the first six months of the year, falling by 39.1 percent from $1,425,000 in 2024 to $867,500 in 2025. Pacific Palisades also saw substantial price erosion, with its median home price declining by 23.7 percent from $3,310,000 in 2024 to $2,525,000 in 2025. These price corrections highlight the impact of reduced demand, increased inventory of damaged or partially restored properties, and elevated risk perceptions among potential buyers in fire-affected neighborhoods.

Six months after wildfires destroyed or seriously damaged thousands of homes in Altadena and Pacific Palisades, many property owners in the areas are selling their burned lots rather than undertaking a time-consuming rebuilding process. As of July 12, roughly 172 properties/land lots were sold in Altadena in the first six months after the fires were first reported, compared to six in the same time frame in 2024. There were approximately 348 properties/land lots listed for sale so far this year in Altadena, a significant jump from only one lot listed for sale in the same period a year ago. In Pacific Palisades, roughly 94 properties/land lots were sold after the devasting fires, compared to only one in the first six months of 2024. There were about 312 properties/land lots listed for sale in Pacific Palisades, a surge from one lot listed for sale in the first half of last year.   

Other key points from C.A.R.'s June 2025 resale housing report include:

  • At the regional level, non-seasonally adjusted home sales in all but one of California's major regions posted year-over-year sales increases in June, as homebuying interest saw a modest rebound. The Far North recorded the strongest sales growth at 13.7 percent, as five of its seven counties achieved double-digit sales gains. The Central Coast followed at 11.4 percent. Southern California (1.9 percent) and the San Francisco Bay Area (1.0 percent) posted modest growth, while the Central Valley was the only region to post a sales decline, slipping 0.8 percent.
  • Thirty-nine of the 53 counties tracked by C.A.R. reported annual sales gains in June, with 21 counties exceeding 10 percent growth. Kings County led with an 87.3 percent increase, followed by Glenn (62.5 percent) and Humboldt (45.5 percent). Conversely, 12 counties posted year-over-year sales declines, including Merced (-28.1 percent), Lake (-18.8 percent) and Amador (-15.6 percent).
  • June's unsold inventory index (UII) held steady compared with May, as a pickup in demand was offset by a dip in new listings. The UII measures the number of months needed to sell the supply of homes on the market at the current sales rate. The index was 3.8 months in June, unchanged from May and up from 3.0 months in June 2024. Total active listings increased more than 40 percent year-over-year, reaching a 68-month high and marking the 17th straight month of annual supply gains.
  • New active listings declined year-over-year in June for the first time in six months, falling 5.0 percent from June 2024 and 10.2 percent from May. Total active listings, on the other hand, continued to rise both monthly and annually, which may suggest that more supply and demand balancing could be forthcoming in the months ahead.
  • The median number of days it took to sell a California single-family home was 24 days in June, up from 18 days in June 2024.
  • C.A.R.'s statewide sales-price-to-list-price ratio* was 99.3 percent in June 2025 and 100 percent in June 2024.
  • The statewide median price per square foot** for an existing single-family home was $437, down from $440 in June a year ago.
  • The 30-year, fixed-mortgage interest rate averaged 6.82 percent in June, down from 6.92 percent in June 2024, according to C.A.R.'s calculations based on Freddie Mac's weekly mortgage survey data.

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data is not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower end or the upper end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. The change in median prices should not be construed as actual price changes in specific homes.

*Sales-to-list-price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions. The ratio is calculated by dividing the final sales price of a property by its original list price and is expressed as a percentage. A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property. It is calculated as the sale price of the home divided by the number of finished square feet. C.A.R. currently tracks price-per-square foot statistics for 53 counties.

Leading the way…® in California real estate for 120 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Sacramento.

# # #

June 2025 County Sales and Price Activity
(and condo sales data not seasonally adjusted)

June 2025

Median Sold Price of Existing Single-Family Homes

Sales

State/Region/County

June

2025

May

2025

 

June

2024

 

Price MTM% Chg

Price YTY% Chg

Sales MTM% Chg

Sales YTY% Chg

Calif. Single-family homes

$899,560

$900,170

 

$900,720

 

-0.1%

-0.1%

4.0%

-0.3%

Calif. Condo/

Townhomes

$670,000

$675,000

 

$697,550

 

-0.7%

-3.9%

-1.4%

3.9%

Los Angeles Metro Area

$847,970

$855,000

 

$835,000

 

-0.8%

1.6%

-2.0%

2.2%

Central Coast

$1,039,000

$1,125,000

 

$1,072,000

 

-7.6%

-3.1%

11.0%

11.4%

Central Valley

$499,000

$510,000

 

$503,000

 

-2.2%

-0.8%

-3.6%

-0.8%

Far North

$385,000

$385,000

 

$409,000

 

0.0%

-5.9%

-2.3%

13.7%

Inland Empire

$605,000

$610,000

 

$600,000

 

-0.8%

0.8%

1.4%

3.5%

San Francisco Bay Area

$1,400,000

$1,400,000

 

$1,400,000

 

0.0%

0.0%

1.6%

1.0%

Southern California

$876,840

$888,000

 

$875,000

 

-1.3%

0.2%

-2.5%

1.9%

 

 

 

 

 

 

 

 

 

 

San Francisco Bay Area

 

 

 

 

 

 

 

 

 

Alameda

$1,321,000

$1,365,000

 

$1,369,210

 

-3.2%

-3.5%

4.9%

3.6%

Contra Costa

$940,000

$924,950

 

$903,000

 

1.6%

4.1%

-5.7%

-8.5%

Marin

$1,650,000

$1,885,000

 

$1,800,000

 

-12.5%

-8.3%

-10.0%

7.8%

Napa

$1,100,000

$920,000

 

$952,500

 

19.6%

15.5%

-26.0%

-13.6%

San Francisco

$1,705,000

$1,801,000

 

$1,650,000

 

-5.3%

3.3%

1.4%

12.2%

San Mateo

$2,150,000

$2,200,000

 

$2,110,000

 

-2.3%

1.9%

-3.7%

3.3%

Santa Clara

$2,107,500

$2,171,120

r

$1,955,000

 

-2.9%

7.8%

7.7%

2.1%

Solano

$571,520

$590,000

 

$601,250

 

-3.1%

-4.9%

-4.9%

-10.4%

Sonoma

$850,000

$860,000

 

$835,000

 

-1.2%

1.8%

22.7%

15.9%

Southern California

 

 

 

 

 

 

 

 

 

Imperial

$400,000

$377,450

 

$385,000

 

6.0%

3.9%

-10.4%

0.0%

Los Angeles

$903,650

$835,480

 

$889,180

 

8.2%

1.6%

-5.4%

1.1%

Orange

$1,470,000

$1,419,500

 

$1,450,000

 

3.6%

1.4%

-1.2%

0.1%

Riverside

$635,000

$638,000

 

$638,000

r

-0.5%

-0.5%

0.0%

2.0%

San Bernardino

$482,460

$497,940

 

$490,420

r

-3.1%

-1.6%

2.8%

6.0%

San Diego

$1,025,000

$1,050,000

 

$1,054,180

 

-2.4%

-2.8%

-3.9%

0.7%

Ventura

$975,000

$985,000

 

$964,500

 

-1.0%

1.1%

-0.6%

9.1%

Central Coast

 

 

 

 

 

 

 

 

 

Monterey

$968,000

$901,000

 

$1,039,000

 

7.4%

-6.8%

9.6%

16.4%

San Luis Obispo

$880,000

$952,000

 

$890,000

 

-7.6%

-1.1%

32.1%

14.7%

Santa Barbara

$1,222,500

$1,485,000

 

$1,355,500

 

-17.7%

-9.8%

-3.4%

1.2%

Santa Cruz

$1,330,000

$1,350,000

 

$1,413,000

 

-1.5%

-5.9%

4.9%

15.2%

Central Valley

 

 

 

 

 

 

 

 

 

Fresno

$438,370

$440,000

 

$428,890

 

-0.4%

2.2%

5.8%

-5.0%

Glenn

$385,000

$350,000

 

$350,000

 

10.0%

10.0%

18.2%

62.5%

Kern

$409,000

$420,000

 

$375,000

 

-2.6%

9.1%

9.2%

-5.1%

Kings

$365,000

$368,760

 

$391,400

 

-1.0%

-6.7%

-10.4%

87.3%

Madera

$426,000

$455,000

 

$415,070

 

-6.4%

2.6%

-4.7%

4.3%

Merced

$446,310

$425,000

 

$421,000

 

5.0%

6.0%

-22.5%

-28.1%

Placer

$705,000

$665,000

 

$685,000

 

6.0%

2.9%

-14.7%

-11.0%

Sacramento

$549,450

$550,000

 

$560,000

 

-0.1%

-1.9%

-6.2%

1.0%

San Benito

$877,720

$854,000

 

$854,000

 

2.8%

2.8%

33.3%

37.9%

San Joaquin

$578,500

$560,000

 

$550,000

 

3.3%

5.2%

-8.5%

0.2%

Stanislaus

$495,000

$505,000

 

$495,000

 

-2.0%

0.0%

-7.0%

-6.1%

Tulare

$389,000

$385,000

 

$375,000

 

1.0%

3.7%

9.8%

16.6%

Far North

 

 

 

 

 

 

 

 

 

Butte

$487,000

$488,750

 

$475,900

 

-0.4%

2.3%

-13.6%

17.3%

Lassen

$286,500

$263,000

 

$267,500

 

8.9%

7.1%

-5.3%

28.6%

Plumas

$328,750

$402,000

 

$465,000

 

-18.2%

-29.3%

24.1%

28.6%

Shasta

$382,500

$380,000

 

$396,950

 

0.7%

-3.6%

-4.2%

5.7%

Siskiyou

$315,000

$299,500

 

$362,120

 

5.2%

-13.0%

8.8%

42.3%

Tehama

$380,700

$390,000

 

$375,000

 

-2.4%

1.5%

19.2%

3.3%

Trinity

$311,000

$315,000

 

$322,100

 

-1.3%

-3.4%

0.0%

37.5%

Other Calif. Counties

 

 

 

 

 

 

 

 

 

Amador

$412,500

$440,000

 

$450,000

 

-6.3%

-8.3%

-11.6%

-15.6%

Calaveras

$465,000

$499,000

 

$495,000

 

-6.8%

-6.1%

36.9%

34.8%

Del Norte

$405,000

$505,000

 

$350,000

 

-19.8%

15.7%

14.3%

6.7%

El Dorado

$730,000

$699,000

 

$709,000

 

4.4%

3.0%

0.8%

28.9%

Humboldt

$422,500

$465,920

r

$490,620

 

-9.3%

-13.9%

25.5%

45.5%

Lake

$301,380

$362,500

 

$352,500

 

-16.9%

-14.5%

-3.7%

-18.8%

Mariposa

$394,500

$485,000

 

$374,500

 

-18.7%

5.3%

-5.9%

0.0%

Mendocino

$550,000

$525,000

 

$521,690

 

4.8%

5.4%

-9.6%

-2.1%

Mono

$815,000

$747,500

 

$1,240,000

 

9.0%

-34.3%

50.0%

28.6%

Nevada

$573,500

$559,500

 

$625,000

 

2.5%

-8.2%

15.5%

20.4%

Sutter

$450,000

$469,950

 

$500,000

 

-4.2%

-10.0%

25.0%

22.2%

Tuolumne

$420,000

$418,000

 

$439,500

 

0.5%

-4.4%

16.1%

33.3%

Yolo

$680,000

$687,400

 

$649,500

 

-1.1%

4.7%

0.0%

1.8%

Yuba

$430,000

$470,000

 

$446,750

 

-8.5%

-3.7%

-16.9%

-7.8%

r = revised
NA = not available

 

June 2025 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)

 

June 2025

Unsold Inventory Index

Median Time on Market

State/Region/County

Jun-25

May-25

 

Jun-24

 

Jun-25

May-25

 

Jun-24

 

Calif. Single-family homes

3.8

3.8

 

3.0

 

24.0

22.0

r

18.0

 

Calif. Condo/

Townhomes

4.4

4.4

 

3.2

 

31.0

27.0

 

20.0

 

Los Angeles Metro Area

4.0

4.0

 

3.2

 

29.0

27.0

 

21.0

 

Central Coast

3.8

4.1

 

3.5

 

20.0

20.0

 

16.0

 

Central Valley

3.7

3.5

 

2.8

 

23.0

21.0

 

17.0

 

Far North

5.6

5.3

 

5.4

 

24.0

25.0

 

24.0

 

Inland Empire

4.4

4.5

 

3.7

 

36.0

33.0

 

26.5

 

San Francisco Bay Area

2.7

2.9

 

2.0

 

20.0

16.0

 

14.0

 

Southern California

3.9

3.9

 

3.1

 

27.0

25.0

 

20.0

 

 

 

 

 

 

 

 

 

 

 

 

San Francisco Bay Area

 

 

 

 

 

 

 

 

 

 

Alameda

2.4

2.7

 

1.8

 

15.0

13.0

 

12.0

 

Contra Costa

3.2

3.1

 

1.8

 

17.0

14.0

 

12.5

 

Marin

2.7

2.9

 

2.3

 

49.0

39.5

 

39.0

 

Napa

9.9

7.3

 

5.6

 

79.0

52.0

 

52.0

 

San Francisco

1.6

2.0

 

1.8

 

33.0

29.5

 

34.0

 

San Mateo

2.0

2.1

 

1.7

 

12.0

11.0

 

11.0

 

Santa Clara

1.8

2.1

 

1.5

 

10.5

9.0

 

8.0

 

Solano

3.6

3.3

 

2.7

 

44.0

40.0

 

35.0

 

Sonoma

3.7

4.7

 

3.4

 

60.0

56.0

 

45.0

 

Southern California

 

 

 

 

 

 

 

 

 

 

Imperial

3.7

3.1

 

2.1

 

43.0

25.0

 

13.0

 

Los Angeles

4.0

3.9

 

3.1

 

24.0

23.0

 

19.0

 

Orange

3.4

3.3

 

2.5

 

26.0

23.0

 

18.0

 

Riverside

4.0

4.3

 

3.3

 

41.0

38.0

 

29.0

r

San Bernardino

5.4

5.3

 

4.5

r

33.0

29.0

 

23.0

r

San Diego

3.6

3.4

 

2.7

 

21.0

18.0

 

14.0

 

Ventura

3.7

3.7

 

2.8

 

38.0

33.0

 

27.0

 

Central Coast

 

 

 

 

 

 

 

 

 

 

Monterey

3.9

4.2

 

4.3

 

29.0

18.0

 

10.5

 

San Luis Obispo

3.6

4.5

 

3.1

 

29.0

28.0

 

22.0

 

Santa Barbara

3.7

3.5

 

3.3

 

15.0

15.0

 

13.0

 

Santa Cruz

4.4

4.5

 

3.4

 

15.0

14.0

 

15.0

 

Central Valley

 

 

 

 

 

 

 

 

 

 

Fresno

3.8

4.0

 

2.9

 

18.0

16.0

 

15.0

 

Glenn

4.3

5.5

 

5.8

 

46.0

34.0

 

23.0

 

Kern

3.2

3.5

 

2.3

 

21.0

24.0

 

17.0

 

Kings

3.0

2.7

 

3.4

 

19.0

21.0

 

16.0

 

Madera

5.6

5.5

 

5.2

 

31.0

29.5

 

32.5

 

Merced

4.4

3.2

 

2.4

 

22.0

27.0

 

20.0

 

Placer

4.0

3.3

 

2.6

 

28.0

23.0

 

24.0

 

Sacramento

3.3

3.0

 

2.5

 

22.0

20.0

 

17.0

 

San Benito

4.0

5.1

 

5.0

 

27.0

37.5

 

25.0

 

San Joaquin

4.1

3.7

 

2.9

 

28.0

23.0

 

15.0

 

Stanislaus

3.6

3.2

 

2.8

 

22.0

19.0

 

15.0

 

Tulare

3.7

3.9

 

3.2

 

24.0

23.0

 

14.0

 

Far North

 

 

 

 

 

 

 

 

 

 

Butte

4.3

3.5

 

4.2

 

24.0

16.0

 

20.0

 

Lassen

8.3

7.6

 

9.4

 

25.5

27.0

 

45.0

 

Plumas

7.8

8.9

 

7.2

 

35.5

26.0

 

15.0

 

Shasta

4.8

4.5

 

4.1

 

21.0

26.5

 

23.0

 

Siskiyou

8.5

9.0

 

11.5

 

19.0

17.5

 

29.0

 

Tehama

4.7

5.8

 

4.8

 

39.0

85.5

 

42.0

 

Trinity

11.4

10.4

 

14.6

 

19.0

161.0

 

232.0

 

Other Calif. Counties

 

 

 

 

 

 

 

 

 

 

Amador

9.2

7.4

 

6.7

 

49.5

45.0

 

37.0

 

Calaveras

5.1

6.6

 

6.1

 

23.0

31.0

 

13.0

 

Del Norte

7.3

8.0

 

7.4

 

50.5

28.0

 

31.0

 

El Dorado

4.9

4.8

 

5.3

 

24.0

23.0

 

22.0

 

Humboldt

5.3

6.5

 

6.9

 

17.5

23.5

 

26.5

 

Lake

10.3

9.7

 

6.5

 

53.5

43.0

 

47.0

 

Mariposa

8.7

7.9

 

6.4

 

61.0

45.0

 

18.0

 

Mendocino

9.9

8.4

 

7.9

 

74.0

58.5

 

58.0

 

Mono

5.7

4.7

 

4.4

 

6.0

83.0

 

66.0

 

Nevada

5.5

6.1

 

5.2

 

25.0

27.0

 

28.0

 

Sutter

3.8

4.4

 

3.5

 

31.0

35.0

 

16.0

 

Tuolumne

7.7

8.3

 

7.3

 

38.5

31.5

 

16.5

 

Yolo

3.3

3.6

 

2.5

 

28.0

27.5

 

20.0

 

Yuba

5.6

4.4

 

4.5

 

40.0

35.0

 

26.5

 

r = revised
NA = not available

 

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