Despite slower sales in April
California’s housing market continued its upward trajectory in April 2025, according to the latest Sales and Price Report from the California Association of REALTORS®. While overall sales dipped for the second consecutive month, other key indicators show a market that remains both competitive and resilient.
Inventory levels held steady at 3.5 months—unchanged from the previous month but notably higher than April 2024’s 2.6 months. This modest improvement suggests a slightly better environment for buyers compared to the highly constrained inventory seen over the past few years.
The state also reached a new all-time high for median home price, coming in at $910,160. This figure reflects strong demand and continued appreciation, especially in high-demand regions. Supporting this trend, the cost per square foot rose to $443, outpacing both the cost of last month and last year.
Perhaps one of the most striking data points: active listings hit 45,489—the highest level since October 2019. This increase in available homes gives buyers more options, even as affordability remains a challenge.
Despite these strong price metrics, sales volume dropped to 267,710 units, indicating that elevated prices and borrowing costs may be sidelining some potential buyers. Still, the market is showing a clear sign of recalibration—balancing robust home values with gradually increasing inventory.
As California’s housing landscape evolves, real estate professionals remain vital in helping clients navigate market shifts, especially as opportunities and challenges move hand in hand. April’s data underscores a market defined by growth, resilience, and continued transformation.
Source: California Association of REALTORS® (car.org)