The real estate market is always moving. Days on market, number of new listings, average list price, months of inventory — all of these statistics will be up or down, month-to-month depending on the time of year, geographic area, and macroeconomic conditions.
When the time is right for you to purchase or sell your home, it’s important to look at the NOW conditions of the housing market. If the average days on market is 3 weeks and you need to sell and be in escrow in 1 week, then we need to have a different pricing and marketing strategy than the average house. If you are looking to buy and we are writing up offers and you want to purchase below market value, then we will focus on finding the golden opportunity that everyone else has overlooked.
We wanted to share some insights from the California Association of Realtors May 2025 Sales and Price Report which gives us a picture of the state’s real estate climate:
– Average Days on Market: 21 days, which is up from 16 days in May 2024 — this means homes are taking longer to sell
– Active Listings have grown by 48% which means buyers have lots more options when they are looking at homes
– California Median Home Price: $900,170
With active listings rising compared to May of last year, this is an excellent opportunity for home buyers because your options are expanding! For sellers, the median home price is a whooping $900,000 so sellers are still seeing huge returns on the home equity that they’ve accumulated.
As professional REALTORS, it is our job to keep tabs on the current market, interpret the trends and information, and guide you through the steps to closing escrow.
Give me a call! Let’s talk about what you want your future to look
like and whether it is a timeline of 6 months or 6 years, I’m here to help.
Source: https://www.car.org/Global/Infographics/2025-05-Sales-and-Price
