April Home Sales Report
California home sales retreat for second straight month in April
as median home price hits new all-time high, C.A.R. reports
- Existing, single-family home sales totaled 267,710 in April on a seasonally adjusted annualized rate, down 3.4 percent from 277,030 in March and down 0.2 percent from 268,170 in April 2024.
- April’s statewide median home price was $910,160, up 2.9 percent from March and up 0.7 percent from $904,010 in April 2024.
- Year-to-date statewide home sales were up 1.4 percent.
Other key points from C.A.R.’s April 2025 resale housing report include:
- Adjusted home sales in three of the five major regions in California increased from a year ago while the other two declined. The Central Coast region recorded the biggest increase from last year with a 10.5 percent jump in sales as three of its four counties recorded year-over-year sales gains in closed escrows. The Central Valley (3.4 percent) and Southern California (1.6 percent) also experienced an increase in properties sold when compared to a year ago, while the Far North region (-2.8 percent) and the San Francisco Bay Area (-1.4 percent) were the only two regions that posted year-over-year declines.
- Thirty-three of the 53 counties tracked by C.A.R. recorded sales increases from a year ago, with more than half (17) of them surging by over 10 percent on a year-over-year basis. Mono (133.3 percent) posted the sharpest sales increase from last year, followed by Trinity (100 percent), and San Benito (34.4 percent). Home sales declined from last year in 19 counties, with 10 of them falling by more than 10 percent. Mariposa (-59.1 percent) had the biggest drop in April, followed by Siskiyou (-37 percent) and Napa (-27.4 percent).
- At the regional level, four of the five major regions in California posted an increase in their median price from a year ago, but the increases were mostly mild. The Far North region experienced the largest price growth of all regions, with a moderate 4.3 percent gain from a year ago as all seven of its counties recorded year-over-year gains, and sales in four of them surged from last year by double-digits. The Central Coast (1.2 percent) came in second, followed by Southern California (0.8 percent), and the Central Valley (0.3 percent). The San Francisco Bay Area (-1.7 percent) was the only region that recorded a price decline from its year-ago level, as more than half of its counties registered price declines.
- Home prices increased on a year-over-year basis in many California counties, with April’s median sales prices rising from their year-ago levels in 27 of the 53 counties tracked by C.A.R. Trinity (57 percent) experienced the biggest price jump in all counties last month, while prices in Plumas (54.7 percent) and Lassen (48.8 percent) both surged from their year-ago levels by more than 45 percent. Twenty-five counties registered a drop in median price from a year ago, with Mendocino (-21.1 percent) falling the most, followed by Mariposa (-18.3 percent), and Tuolumne (-15.9 percent).
- Deviating from its typical seasonal pattern, April’s unsold inventory index (UII) remained unchanged from the prior month as the sales pace slowed at the start of the second quarter. The UII also grew from its year-ago level as additional new listings continued to be added to the market. The UII measures the number of months needed to sell the supply of homes on the market at the current sales rate. The index was 3.5 months in April, unchanged from March and up from 2.6 months in April 2024.
- Total active listings in April rose on a year-over-year basis at the fastest pace since January 2023.The level of active listings last month reached a 66-month high (since October 2019) and recorded its 15th consecutive month of annual gain in housing supply.
- New active listings at the state level rose year-over-year by double-digits for the fourth consecutive month, as more sellers listed properties onto the market at the start of the spring homebuying season. Newly added units continued to surge last month, growing 10.8 percent month-over-month in April. While it was a smaller clip than the growth pace registered in March, the monthly increase was the strongest March-to-April growth recorded since 2019.
- The median number of days it took to sell a California single-family home was 21 days in April, up from 16 days in April 2024.
- C.A.R.’s statewide sales-price-to-list-price ratio* was 100 percent in April 2025 and 100 percent in April 2024.
- The statewide median price per square foot** for an existing single-family home was $443, up from $440 in April a year ago.
- The 30-year, fixed-mortgage interest rate averaged 6.73 percent in April, down from 6.99 percent in April 2024, according to C.A.R.’s calculations based on Freddie Mac’s weekly mortgage survey data.