Overview

• California home sales reached 283,540 in February 2025, up 11.6% from January and 2.6% from February 2024, marking the highest level since October 2022.
• The statewide median home price rose 2.8% year-over-year to $829,060, though it declined 1.2% from January and remains below historical averages.
• San Diego County outperformed statewide trends with a 6.1% annual increase in home prices, reaching a median of $1.04 million.
• Southern California home prices rose 0.3% in February, the first increase in seven months, while Los Angeles County saw a 32% rise in inventory compared to February 2024.
• Rental markets in wildfire-affected areas face rising pressures, as displaced residents drive up rents near burn zones like Pacific Palisades and Altadena.