Is the California housing market finally turning a corner? The answer appears to be yes, at least for now. The California housing market rebounds in February with the highest home sales in more than two years, signaling a potential shift after a period of slower activity.

According to the California Association of Realtors, existing, single-family home sales reached a seasonally adjusted annualized rate of 283,540 in February, an 11.6% increase from January and a 2.6% rise from February 2024. This news offers a glimmer of hope for buyers and sellers alike, but what exactly does this mean for you? Let's dive into the details and explore the factors driving this change, potential pitfalls, and what the future might hold.

California Housing Market Rebounds With Highest Sales in 2 Years

The Numbers Don't Lie: A February Surge

As a Californian resident and a keen observer of the housing market, I've been waiting for some positive momentum. The fact that February's sales pace surged 11.6% from January is definitely encouraging. It suggests that the combination of factors, like slightly lower mortgage rates, brought buyers back into the market. To put it in perspective, February's sales level was the highest since October 2022.

Here's a quick breakdown of the key figures:

• Existing Single-Family Home Sales (Seasonally Adjusted Annualized Rate): 283,540
• Month-over-Month Change: Up 11.6%
• Year-over-Year Change: Up 2.6%
• Statewide Median Home Price: \$829,060
• Year-over-Year Median Price Change: Up 2.8%

Why the Rebound? Decoding the Drivers

Several factors likely contributed to this February rebound:

• Declining Mortgage Rates: The slight dip in mortgage rates at the beginning of the year made homeownership more appealing to buyers who had been priced out of the market. Even a small reduction in interest rates can significantly impact monthly payments, making homes more affordable.
• Increased Inventory: More homes hitting the market meant buyers had more options to choose from, easing some of the competitive pressures that have been driving up prices. It is worth noting that total active listings grew at the fastest pace in two years.
• Pent-Up Demand: After a period of hesitation, some buyers who had been waiting on the sidelines may have decided that now was the time to jump in, contributing to the surge in sales.
• Seasonal Factors: February typically marks the beginning of the spring home buying season, which often sees a surge in activity compared to the slower winter months.

The Price Picture: A Mixed Bag

While sales are up, the price story is a bit more nuanced. The statewide median home price was $829,060 in February, a 1.2% decrease from January. However, it's important to note that this is still a 2.8% increase compared to February 2024.

Year-over-year, the median home price has increased for the 20th consecutive month, however the gain recorded was the smallest since July 2023. Also, the monthly drop in February was larger than the 10-year historical average drop of 0.7% recorded between the two months.

According to the California Association of Realtors, the downward trend in the statewide median price will likely reverse in the coming months, as home prices typically begin rising in March and continue climbing until the end of the homebuying season in August.

This suggests a market that is still appreciating overall, but with some potential for price adjustments in certain areas. Factors such as location, property type, and local market conditions play a significant role in determining individual home values.

Regional Differences: California is Not a Monolith

It's crucial to remember that the California housing market is not uniform. Different regions are experiencing different trends. According to C.A.R's report:

• The San Francisco Bay Area recorded the largest gain from last year at an increase of 3.5% in sales, followed by the Central Coast (1.6 percent).
• Sales of existing single-family homes declined from a year ago in the Far North region (-4.9 percent), Central Valley (-3.5 percent) and Southern California (-3.0 percent).

Also, at the regional level, all major regions in California, except for one, registered a year-over-year median price increase in February. The Central Coast region posted the largest price growth from a year ago with a jump of 9.4 percent, followed by Southern California (4.8 percent), the Central Valley (3.5 percent) and the Far North region (1.8 percent). The San Francisco Bay Area (-0.5 percent) was the only region to record an annual price decline in February.

The Tale of Two Counties:

Home prices increased on a year-over-year basis in three-fourths of the counties in California. Santa Barbara (55.2 percent) registered the biggest price growth of all counties last month. Trinity falling the most at 58.9 percent.

These differences highlight the importance of working with a local real estate expert who understands the specific dynamics of your target area.

Inventory Levels: A Breath of Fresh Air

One of the most positive developments is the increase in inventory. Total active listings in February grew at the fastest pace in two years, with the level of active listings last month at a 4-month-high and marked the 13th consecutive month of annual gains in housing supply. This is great news for buyers, as it means more choices and less competition.

• Unsold Inventory Index (UII): 4.0 months in February, down from 4.1 months in January and up from 2.9 months in February 2024.
• Median Number of Days to Sell: 26 days in February, up from 22 days in February 2024.

The increased inventory is giving buyers more leverage and reducing the pressure to make quick decisions. The median number of days it takes to sell a home is increasing, this suggests that buyers are taking their time and being more selective.

Potential Roadblocks: What Could Derail the Rebound?

While the February data is encouraging, it's important to remain cautious. Several factors could still impact the California housing market in the coming months:

• Mortgage Rate Volatility: Fluctuations in mortgage rates can quickly change the affordability landscape, potentially dampening buyer enthusiasm.
• Economic Uncertainty: Concerns about a potential recession or slowdown in the economy could weigh on consumer confidence and impact housing demand.
• Inflation: Persistently high inflation could erode purchasing power and make it more difficult for people to afford homes.
• Policy Changes: Government policies related to housing, zoning, or taxation could have a significant impact on the market.

The California Association of Realtors also stated that the ongoing policy and economic uncertainties have been weighing on consumer confidence and have created instability in the financial market in the past few weeks. With mortgage rates expected to remain volatile in the near term, pending sales could continue to fluctuate as the market enters the spring homebuying season.

Expert Opinions: What the Pros Are Saying

According to C.A.R. President Heather Ozur, “California home sales rebounded strongly in February after a sluggish start to the year, supported by increased buyer activity and more available homes on the market…Lower borrowing costs made homeownership more accessible to buyers who were previously sidelined by affordability challenges, while the rise in available inventory will help ease some of the competitive pressures that have defined the market in recent years and set a positive tone for the market for the rest of the year.”

C.A.R. Senior Vice President and Chief Economist Jordan Levine stated, “The moderation in mortgage rates that began at the start of the year, coupled with a noticeable increase in homes for sale last month, provided a much-needed boost to California’s housing market in February…Although sales are still below historical averages, this increase marks an encouraging shift in the market. Despite ongoing economic and policy uncertainties, mortgage rates are expected to stabilize later this year. As a result, the housing market is likely to see continued improvement through the second and third quarters of 2025.”

My Perspective: A Cautiously Optimistic Outlook

Based on the data and expert opinions, I believe the California housing market is showing signs of improvement. The increase in sales and inventory is a positive development, but it's crucial to remain realistic about potential challenges.

As someone who has followed the California housing market closely, I believe this rebound is more of a recalibration than a full-blown recovery. We're likely to see a more balanced market in the coming months, with less intense bidding wars and more opportunities for buyers to negotiate.

The advice is to not get carried away by the current surge. Stay informed about the latest market trends, work with a trusted real estate professional, and make decisions that are right for your individual circumstances.

Looking Ahead: What's Next for the California Housing Market?

Predicting the future is always challenging, but here are some potential scenarios for the California housing market in the coming months:

• Continued Moderate Growth: If mortgage rates remain relatively stable and the economy avoids a major downturn, we could see continued moderate growth in sales and prices.
• Market Stabilization: The market could stabilize, with sales and prices plateauing as buyers and sellers adjust to the new normal.
• Potential Correction: If economic conditions worsen or mortgage rates rise sharply, we could see a price correction in some areas.

Key Factors to Watch:

• Mortgage Rates: Keep an eye on the direction of mortgage rates, as they will continue to influence buyer affordability.
• Economic Data: Pay attention to economic indicators such as GDP growth, inflation, and unemployment rates.
• Inventory Levels: Monitor the supply of homes on the market, as it will impact the level of competition.

Final Thoughts

The California housing market's rebound in February is a welcome sign, but it's essential to approach the situation with a balanced perspective. While there are reasons to be optimistic, potential challenges remain. Whether you're a buyer or a seller, staying informed, working with experienced professionals, and making smart decisions based on your individual circumstances will be crucial for navigating the market successfully.

The California housing market is feeling the pinch of elevated mortgage rates, leading to a slowdown in home sales. January 2025 data reveals a decrease in sales activity, primarily driven by the impact of these higher borrowing costs on buyer demand. While the market is showing signs of adjusting, with increased listings, the effect of these rates continues to be a major factor in the state's real estate dynamics.

Have you ever felt that excitement of finally being ready to buy a home, only to be hit with the reality of what it actually costs? That's the situation many potential homebuyers in California are facing right now. It’s not just about the down payment anymore; it's about the monthly mortgage payments that stretch over decades. Let's dive into what's happening and what it means for you, whether you're looking to buy, sell, or just keep an eye on the market.

High Mortgage Rates Slam California Housing Market in January 2025

A January Chill: Home Sales Retreat

According to the California Association of Realtors® (C.A.R.), existing, single-family home sales in California totaled 254,110 in January 2025, on a seasonally adjusted annualized rate. This represents a 10.0 percent decrease from December and a 1.9 percent decrease from January 2024. This dip marks the lowest sales level in 13 months, with the month-to-month sales decline being the most significant in 30 months.

Here’s a quick breakdown:

• January 2025 Sales: 254,110 (annualized rate)
• December 2024 Sales: 282,490
• January 2024 Sales: 259,160
• Year-to-date Change: Down 1.9%

The Mortgage Rate Culprit

The primary reason for this slowdown? Elevated mortgage rates. These higher rates have significantly impacted housing demand, making it more expensive for people to borrow money and purchase homes. It's a straightforward equation: higher rates equal lower affordability, which leads to fewer sales.

Think of it this way: if you were planning to buy a home and suddenly the interest rate on your mortgage jumped by even half a percentage point, you'd have to reconsider your budget. That extra cost each month can quickly add up to tens of thousands of dollars over the life of the loan.

Median Home Prices: A Mixed Bag

While sales have slowed, the median home price in California tells a more nuanced story. In January 2025, the statewide median home price was $838,850. This is down 2.6 percent from December, but up 6.3 percent from January 2024's revised figure of $789,480.

Here's a summary:

• January 2025 Median Price: $838,850
• December 2024 Median Price: $861,020
• January 2024 Median Price: $789,480

The year-over-year increase indicates that, despite the recent slowdown, home values are still generally appreciating in California. The month-over-month decrease could be attributed to seasonal factors and a shift in the types of homes being sold. Usually, winter months witness a cool down in real estate sales, but the long-term impact remains to be seen.

Regional Variations: Not All Areas Are Created Equal

It's important to remember that California is a vast state with diverse real estate markets. The impact of elevated mortgage rates and other factors varies significantly by region and even by county.

• Central Coast: Saw the largest sales gain from last year, with an 8.3 percent jump.
• Southern California: Experienced a 1.8 percent increase.
• Central Valley: Showed a 1.1 percent increase.
• San Francisco Bay Area: Registered a modest 0.2 percent increase.
• Far North: Was the only major region with a dip in sales, down 11.0 percent.

These regional differences highlight the importance of looking at local data when making real estate decisions. What's happening in Los Angeles might not be the same as what's happening in Sacramento.

The Wildfire Effect in Southern California

Adding another layer of complexity to the situation is the impact of the wildfires that ravaged parts of Southern California in early January 2025. According to C.A.R., closed sales in the six primary cities affected by the fires dropped considerably, representing a nearly 70 percent cumulative decline in weekly sales volume from the start of January.

This natural disaster further dampened market activity in an area already struggling with elevated mortgage rates. It's a reminder that external factors can have a significant impact on the real estate market.

New Listings: A Silver Lining?

Despite the challenges, there's some positive news on the supply side. After dipping in December 2024, new active listings rebounded, showing the fastest year-over-year growth in nearly four years. C.A.R.'s Senior Vice President and Chief Economist, Jordan Levine, noted that this increase suggests that more homeowners are coming to terms with the reality of higher mortgage rates and are deciding to list their homes.

More listings mean more choices for buyers, which could help to stabilize prices and potentially lead to more sales as the spring homebuying season approaches.

Unsold Inventory and Days on Market

The Unsold Inventory Index (UII), which measures the number of months needed to sell the existing supply of homes, rose to 4.1 months in January, up from 2.7 months in December and 3.2 months in January 2024. This indicates a slight increase in the supply of homes relative to demand.

The median number of days it took to sell a home also increased, from 32 days in January 2024 to 35 days in January 2025. This suggests that homes are staying on the market a bit longer, giving buyers more time to consider their options.

County-Level Insights: Digging Deeper

Looking at individual counties provides even greater detail:

• Sales Increases: Mono County saw the biggest sales jump (250 percent), followed by Lassen (157.1 percent) and Trinity (50 percent).
• Sales Decreases: Mariposa posted the biggest drop in sales (-66.7 percent), followed by Amador (-47.4 percent) and Tehama (-46.2 percent).
• Price Increases: Mariposa recorded the biggest price growth (50.6 percent), with Del Norte (30.7 percent) and Plumas (23.8 percent) following.
• Price Decreases: Mono experienced the largest price drop (-62.8 percent), followed by Marin (-12.6 percent) and Siskiyou (-7.9 percent).
• New Listings: Tuolumne gained the most new active listings (110 percent increase), followed by Mono (100 percent) and Siskiyou (94.4 percent).
• Days on Market: Trinity had the longest median time on market at 237 days.

This county-level data underscores the highly localized nature of the California real estate market.

My Take on the California Housing Market

Having followed the California real estate market for a while, here are my thoughts:

1. Mortgage Rates Are Key: The impact of mortgage rates cannot be overstated. As long as rates remain elevated, affordability will be a challenge for many buyers.
2. Regional Differences Matter: California is not a monolithic market. Understanding the nuances of different regions and counties is crucial.
3. Inventory Is a Balancing Factor: The increase in new listings is a welcome development, but it remains to be seen if it will be enough to offset the impact of higher rates.
4. External Factors Play a Role: Events like wildfires can have a significant short-term impact on local markets.
5. Long-Term Outlook: Despite the current challenges, I remain optimistic about the long-term prospects of the California housing market. The state's strong economy, desirable lifestyle, and limited housing supply should continue to support home values over time.

Navigating the Current Market: Tips for Buyers and Sellers

If you're thinking about buying or selling a home in California right now, here's my advice:

For Buyers:

• Get Pre-Approved: Know how much you can realistically afford before you start looking.
• Shop Around for Mortgage Rates: Don't settle for the first rate you're offered.
• Be Patient: With homes staying on the market longer, you have more time to find the right property.
• Consider Different Areas: Be open to exploring neighborhoods and cities you might not have considered before.
• Don't Be Afraid to Negotiate: In a slower market, you may have more leverage to negotiate the price and terms of the sale.

For Sellers:

• Price Your Home Competitively: In today's market, overpricing your home can lead to it sitting on the market for an extended period.
• Make Necessary Repairs and Improvements: A well-maintained home is more likely to attract buyers.
• Stage Your Home: Make your home look its best for showings.
• Be Flexible: Be willing to negotiate with potential buyers.
• Work with a Real Estate Professional: An experienced agent can help you navigate the complexities of the current market.

Key Takeaways: What to Watch For

As we move further into 2025, here are the key things to watch for in the California housing market:

• Mortgage Rate Trends: Will rates continue to fluctuate, or will they stabilize?
• Inventory Levels: Will the increase in new listings continue?
• Economic Growth: How will the state's economy perform in the coming months?
• Consumer Confidence: How confident are people feeling about their financial situation and the housing market?
• Policy Changes: Are there any new laws or regulations that could impact the real estate market?

In conclusion, while the California housing market is currently being influenced by elevated mortgage rates, resulting in decreased home sales, it's important to look beyond the headlines. Factors like regional variations, new listings, and external events all play a role in shaping the market. By staying informed and working with experienced professionals, buyers and sellers can successfully navigate the current environment.

The California housing market showed surprising resilience in 2024, ending the year on a strong note despite the many hurdles it faced. Existing, single-family home sales saw a notable increase, and the median home price also experienced growth, marking a positive close to a year that began with many uncertainties. It's not a perfect picture, but definitely a brighter one than many of us expected a few months ago.

California Housing Market Closes the Year 2024 Strong Despite Challenges

I've been keeping a close eye on the real estate scene in California for years, and I have to say, 2024 was a rollercoaster. From fluctuating mortgage rates to those devastating wildfires that hit Southern California, there was a lot to navigate. However, the market's ability to not only withstand these pressures but also show signs of growth is, frankly, impressive. It's a testament to the enduring appeal of the Golden State and the underlying demand for housing here.

Sales Numbers: A Welcome Surprise

Let's dive into the numbers a bit. According to the California Association of Realtors (C.A.R.), sales of existing single-family homes in December 2024 reached a seasonally adjusted annualized rate of 268,180. Now, what does that mean in plain English? It means that if the December sales pace continued for the entire year, that's how many homes would be sold. This figure is adjusted to take into account that home sales naturally slow down in some parts of the year.

Here’s the exciting part: this December number was up 0.1% from November and a significant 19.8% from December 2023. That's a big leap, especially considering the struggles we saw in the market last year. While it's important to note that the 2023 December figures were very low, this jump is still really positive. For the whole of 2024, sales were also up by 4.3% compared to 2023, a much-needed boost for the market that hadn't seen a year of growth for three years.

Key Sales Highlights:

• December 2024 (Annualized Rate): 268,180 homes
• Month-over-Month Increase: 0.1% (from November 2024)
• Year-over-Year Increase: 19.8% (from December 2023)
• Overall 2024 Sales Increase: 4.3% (compared to 2023)

Prices on the Rise

It wasn't just sales that saw an increase. The median price of a single-family home in California also climbed to $861,020 in December. That's a 1% increase from November and a 5% increase compared to December of the previous year. I’ve seen firsthand how frustrating the pricing wars have been for buyers, but for sellers, the good news is that price growth has been steady, if not spectacular. This continuous rise in the median price is a big deal, marking the 18th consecutive month of year-over-year increases. The increase, in my opinion, speaks to the underlying strength of the California housing market.

For the entire year, the median home price across the state also saw an uptick. It ended up being 6.3% higher in 2024 as compared to the previous year.

Key Price Highlights:

• December 2024 Median Price: $861,020
• Month-over-Month Increase: 1% (from November 2024)
• Year-over-Year Increase: 5% (from December 2023)
• Overall 2024 Median Price Increase: 6.3% (compared to 2023)

Regional Differences: Not All Areas Are Created Equal

While the statewide picture is positive, the story isn't the same everywhere in California. Some regions saw much bigger gains than others. For me, this is a crucial part to understand. Here's a quick breakdown:

• The Central Coast experienced the biggest jump in sales with a 20.5% year-over-year increase. This area seems to be really catching the eyes of buyers.
• Southern California followed closely behind with a 16.3% sales increase. Despite those devastating wildfires, this area has shown a remarkable bounce back.
• The Central Valley and the San Francisco Bay Area also saw substantial increases, with 15.1% and 14.6% sales growth respectively. The Bay Area numbers are especially interesting given the high prices.
• The Far North region had more moderate growth at 6.3%, showing that not every region is experiencing the same level of demand.

On the price front, Southern California again led the way, recording a 7.6% year-over-year price increase. The Central Valley was next, posting a 6.5% increase. The remaining three regions saw a lower price increase, with the Central Coast at 1.6%, the San Francisco Bay Area at 1.5% and the Far North at 1.4%.

It's clear that some areas are experiencing a stronger recovery than others. These regional differences are something I keep in mind when working with my clients.

The High-End Market's Impact

Here's where it gets interesting, and perhaps a bit unequal. The high-end market, or the price segment of $1 million or more, continues to have a significant impact on the overall median price. Sales in this category increased by a staggering 28.7% year-over-year in December. Meanwhile, the sub-$500,000 market saw a 0.4% decrease in sales. This dynamic has implications for first-time home buyers, as they often tend to compete in this lower segment.

What this says to me is that, while the market is showing signs of recovery, some of the gains are primarily concentrated at the top end of the market. This isn’t necessarily a problem, but it does make the housing landscape in the state a bit more complex, especially as affordability remains a major concern. I personally believe the housing market needs to cater to everyone, not just the wealthy.

Inventory and Time on Market

The unsold inventory index, which indicates how many months it would take to sell all the homes currently on the market, has moved down from 3.3 in November to 2.7 months in December but still it is a bit higher than 2.6 months in December 2023. This suggests that while more homes are being sold, the inventory has not decreased much. This could be due to the mortgage interest rates that are still high, resulting in fewer buyers in the market. It has gone down month over month, but it is still up from the previous year.

Also, the median time it took to sell a house increased slightly from 26 days in December 2023 to 31 days in December 2024. The statewide sales-to-list price ratio also went down slightly to 98.7% in December 2024 from 99.0% in December 2023. The price per square foot, on the other hand, went up from $397 in December 2023 to $413 in December 2024.

What these numbers tell me is that the market is still somewhat balanced. Homes are selling, but they are taking a little longer. There's still room for negotiation and things are not as lopsided as they were a year ago.

Challenges Ahead in 2025: The Real Estate Rollercoaster Isn't Over

While 2024 ended on a positive note, I'm not completely popping the champagne yet. The California housing market still has plenty of challenges ahead in 2025, here are some concerns I have.

• Mortgage Rates: Mortgage rates are still quite volatile and I don't think they'll settle down anytime soon. Although they dropped in December, they are still at their highest levels since July. This directly impacts buyer affordability.
• Inflation: Inflation is proving to be more stubborn than expected. With high inflation, it becomes hard for the Fed to lower the interest rates, which will directly impact the housing market.
• Insurance Crisis: The ongoing insurance crisis in California is making it more costly for homeowners and buyers. I've seen some properties simply become uninsurable which presents major challenges to people looking to buy a home.
• Policy Changes: The new White House administration's policies could bring both uncertainties and potentially new opportunities.
• Wildfires: The recent wildfires in Southern California could slow down the market for a bit. While we've seen a strong recovery in 2024, these events can have a lasting impact.
• Economic Slowdown: A possible economic slowdown may impact the job market and result in decreased buyer confidence. This could lead to lower demand in the near term.
• Affordability Crisis: I think the rising prices are only going to worsen the affordability crisis that the state is facing. There needs to be more focus on making housing accessible to all, not just the affluent.
• Uneven Recovery: The uneven recovery I talked about earlier, with gains concentrated in the higher end, needs to be addressed. We need a housing market that works for everyone.

My Take: Optimism Tempered with Caution

Overall, I'm optimistic about the California housing market's trajectory, but I remain cautious. The market has shown resilience in 2024. But, given all of the challenges mentioned earlier, I'm not expecting smooth sailing. It’s going to be another year of ups and downs. The rise in sales and prices is certainly encouraging, but we need to keep an eye on the affordability issue and ensure that the benefits of any growth are shared by all segments of the market.

For those of you looking to buy or sell, please do your research. Stay informed. Be realistic with your expectations. The coming months will require both adaptability and a good dose of patience. If you are selling, don’t be greedy. And if you are buying, don’t give up. With a little bit of perseverance, you will hopefully find what you are looking for.

Key Takeaways:

• Strong Finish: The California housing market closed 2024 with strong sales and price gains.
• Regional Variations: Different regions of California are experiencing varying degrees of recovery.
• High-End Dominance: The high-end market is playing a crucial role in price growth.
• Challenges Ahead: The market still faces significant challenges in 2025, including high mortgage rates, inflation, and the insurance crisis.
• Balanced Outlook: A balanced approach of optimism and caution is required for the coming year.

Detailed Data Tables:

Here are some tables that show a more detailed breakdown of the data:

Median Sold Price of Existing Single-Family Homes (December 2024)

Region	Dec 2024	Nov 2024	Dec 2023	Price MTM % Chg	Price YTY % Chg
California	$861,020	$852,880	$819,820	1.0%	5.0%
Los Angeles Metro Area	$815,500	$822,000	$760,000	-0.8%	7.3%
Central Coast	$995,000	$1,030,000	$979,500	-3.4%	1.6%
Central Valley	$492,000	$495,000	$462,000	-0.6%	6.5%
Far North	$369,500	$375,000	$364,500	-1.5%	1.4%
Inland Empire	$594,950	$600,000	$570,000	-0.8%	4.4%
San Francisco Bay Area	$1,200,000	$1,316,500	$1,182,000	-8.8%	1.5%
Southern California	$850,000	$850,000	$790,000	0.0%	7.6%

County Level Median Price YoY Increase – Top 5

County	Median Price YoY % Change
Imperial	21%
Glenn	20.2%
Santa Cruz	19.5%
Lake	18.4%
Trinity	17.6%

County Level Median Price YoY Decrease – Top 5

County	Median Price YoY % Change
Mono	-43%
Del Norte	-21%
Mendocino	-15.3%
Lassen	-13%
Tuolumne	-7.7%

County Sales YoY Increase – Top 5

County	Sales YoY % Change
Mendocino	76%
Del Norte	50%
Napa	49%
Lake	48.6%
Calaveras	44.1%

County Sales YoY Decrease – Top 5

County	Sales YoY % Change
Lassen	-59.1%
Plumas	-47.1%
Kings	-32.4%
Madera	-23%
Tuolumne	-14%

Unsold Inventory Index and Median Time on Market (December 2024)

Region	Unsold Inventory Index Dec 2024	Unsold Inventory Index Dec 2023	Median Time on Market Dec 2024	Median Time on Market Dec 2023
California	2.7	2.6	31.0	26.0
Los Angeles Metro Area	2.9	2.7	33.0	27.0
Central Coast	2.9	3.0	31.0	19.0
Central Valley	2.7	2.6	29.0	25.0
Far North	4.4	3.2	42.0	37.0
Inland Empire	3.7	3.3	39.5	34.0
San Francisco Bay Area	1.6	1.5	26.0	23.0
Southern California	2.8	2.6	31.5	26.0

These tables provide a more granular look at how the market performed across different areas. I hope these data points help you better understand the complex situation of California's housing market.