California's housing market closed out 2025 with modest gains in sales, signaling resilience amid cooling prices and shifting mortgage dynamics. For the fourth consecutive month, home sales rose from both the previous month and year, with annual activity finishing just shy of 1% above 2024 levels.
Nearly 85,000 U.S. homeowners withdrew their properties from the market in September--up 28% from a year earlier and the highest level for the month since 2017 -- according to a nationwide analysis of historical listing data compiled by Redfin.
California's housing market posted a modest rebound in October 2025, with home sales rising from both the previous month and a year ago, according to the California Association of Realtors (C.A.R.).
U.S. foreclosure activity edged higher in October, extending a months-long climb as rising borrowing costs and cooling home-price growth continue to pressure a small but growing share of homeowners.
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