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Southern California Home Prices Leveling Off as Sales Drop
CALIFORNIA, JUL 17 – June sales rose 4% from May, ending a three-month decline as mortgage rates eased and inventory normalized, yet sales remain slightly below last year, California Association of Realtors said.
- The California Association of Realtors reported that single-family home sales rose 4% to 264,260 in June 2025 amid slowing overall market activity.
- This increase followed months of declining sales and rising listings as buyers hesitated due to economic uncertainty and longer market times.
- Median home prices slightly dipped 0.1% to $899,560 statewide in June, with Southern California counties showing mixed shifts including a 0.2% drop to $900,000 in Diego County.
- Mortgage rates eased to an average 6.82% in June 2025, down from just over 7% a year earlier, making median mortgage payments $77 cheaper and aiding affordability.
- As listings rise and sellers accept lower prices, experts anticipate a more balanced market with increased negotiating power for buyers and moderated price growth ahead.
13 Articles
13 Articles
Press-Telegram
Southern California home prices leveling off as sales drop
A housing market slowdown continued through much of the spring homebuying season, with fewer sales and mostly stagnant home prices, causing some to say buyers now have the upper hand in the house hunt. Recent numbers from property data firm Attom show home sales in the six-county Southern California region decreased from a year ago for the first time in nine months, falling to the second-lowest total for a May in at least 21 years. Home prices, …
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, Calif., July 17, 2025 /PRNewswire/ -- Amid stabilizing home prices and a g…
California Home Sales Up, Reversing 3-Month Slump
California's median home price fell for the second straight month in June to $899,560. Continue Reading California Home Sales Up, Reversing 3-Month Slump The post California Home Sales Up, Reversing 3-Month Slump appeared first on Weekly Real Estate News.
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