Last Updated on August 19, 2025 by The HD Post Staff
CALIFORNIA – California’s housing market showed mixed results in July 2025, according to the California Association of Realtors.
The statewide median home price fell slightly to $884,050, down 1.7% from $899,790 in June and 0.3% from a year ago.
Existing single-family home sales totaled 261,820, down 1% from June and 4.1% from a year ago.
“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 CAR president Heather Ozur.
The median home price declined for the third consecutive month.
CAR says July’s drop bucks the typical 0.3% seasonal gain, with high mortgage rates and economic uncertainty softening demand and pressuring prices.
Inventory and mortgage rates
Inventory increased, with active listings up 37.7% from last year, while the unsold inventory index dipped slightly to 3.7 months. Homes spent a median 28 days on the market, compared with 20 days last year.
The average 30-year fixed mortgage rate fell to 6.72%, down from 6.85% in July 2024.
Regional and county performance
Regionally, only the Far North (+4.8%) and Central Coast (+1.7%) saw year-over-year sales gains. The San Francisco Bay Area experienced the steepest decline (-4.1%), with Southern California (-1.7%) and the Central Valley (-1.5%) also showing modest pullbacks.
County-level performance varied widely. Imperial County saw triple-digit growth (+116.1%), while Mendocino (-26.7%), Lake (-22.6%), and Madera (-21.3%) recorded the largest declines. Median home prices were highest in Mono County (+56.5%), with Southern California down slightly (-0.7%).
National median home price was $435,000 in June
According to the National Association of Realtors (NAR), existing home sales declined 2.7% in June 2025 to a seasonally adjusted rate of 3.93 million.
The national median home price reached a record high for June at $435,000, up 2.0% from the previous year.
This marks the 24th consecutive month of year-over-year price increases.
