According to the California Association of Realtors, California homes sales end on a high note in December. (CAR.org)
Existing single-family home sales totaled 288,200 in December on a seasonally adjusted annualized rate, up 0.3 percent from 287,450 in November and up 2.0 percent from 282,490 in December 2024. (CAR.org)
December's statewide median home price was $850,680, down 0.4 percent from $853,780 in November and down from $861,020 in December 2024. (CAR.org)
For 2025, sales of existing statewide homes were up 0.9 percent from 2024, and the annual median price was up 1.2 percent from 2024.
According to C.A.R.'s President, Tamara Suminski, "California's housing market closed out 2025 on solid footing, with both home sales and available inventory improving over the prior year."
She adds, "As price growth eased toward the end of the year and mortgage rates fell to near three year lows, the stage is set for a more optimistic 2026. We expect increased opportunities for buyers and a healthier, more balanced market in the months ahead."
C.A.R.'s Senior Vice President and Chief Economist, Jordan Levine states,"Housing affordability showed some improvement in the fourth quarter, and the combination of lower mortgage rates and a growing supply of homes should encourage more prospective buyers to enter the market this year."
He continues, "While some policy uncertainty remains as we look ahead to the next 12 months, our outlook calls for modest economic growth and continued progress for the housing market in 2026."
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