How is the housing market now in terms of the numbers?

05/10/2025

SoCal home prices are up 6.86% on average compared to this time last year, based on CRMLS data for Los Angeles, San Bernardino, Riverside, and Orange counties.

Prices:

Los Angeles and Orange counties reached new high prices in April, but they are only about $12,000 higher than the peak prices from last summer. San Bernardino County clearly plateaued, with a median price of $550,000 for the fourth month in a row. Riverside County’s appreciation has slowed as well with a median price up 3.25% from last year.

Inventory:

Inventory continues to rise gradually, giving buyers more options without tipping the scales completely. Overall, inventory is up about 37% compared to this time last year. We are still well below pre-pandemic levels, which keeps competition relatively high for well-priced homes.

Time on market:

The pace of home sales picked up in all four counties in April. In the Inland Empire markets of San Bernardino and Riverside counties, half of the homes sold in 27 days on market or less, whereas in Los Angeles and Orange counties, half the homes sold in 16 days or less. That means the market is moving much faster in the OC and LA markets compared to the Inland Empire markets.

Supply from sellers vs. demand from buyers:

The SoCal market still favors sellers, but it’s been moving steadily toward balance. We measure the pace of sellers putting homes on the market against how fast buyers are buying them via months of inventory. As it rises, the market is cooling, and we’ve seen small increases in the months of inventory for 10 out of the last 12 months. We’d still need about 35% more homes for sales to truly balance current demand.

What this means for sellers:

Well-prepared, well-priced homes are still moving quickly and commanding strong offers. But with more competition, pricing too high can backfire

What this means for buyers:

Don’t expect steep discounts, but do expect a bit more breathing room than in early 2022. Some sellers are misjudging the cooling pace, which opens the door for buyers to negotiate better terms.

If your current home or investment property doesn’t support your goals anymore, we’re here to help you find one that does. Call or text us at 626-328-4199 to learn about your options!