IE Business Daily Business news for the Inland Empire.
California’s housing market ended 2025 on a strong note.
Sales of existing single-family homes in December were up 0.3 percent month- over-month and up two percent compared with December 2024, according to the California Association of Realtors.
Those numbers are annualized, meaning they represent the number of homes that would have been sold if December’s sales rate had happened throughout the entire year. They also take into account seasonal factors that usually affect the housing market.
The median home price statewide last month was $850,680, down 0.4 percent from November and down 1.2 percent year-over-year.
In the Inland Empire, the median home price in December was $600,050, up 2.6 percent month-over-month and up 0.9 percent year, while sales were up 14.4 percent month-over-month and up four percent year-over-year, the association reported.
“Housing affordability showed some improvement in the fourth quarter, and the combination of lower mortgage rates and a growing supply of homes should encourage more prospective buyers to enter the market this year,” said Jordan Levine, the association’s senior vice president, in a statement. “While some policy uncertainty remains as we look ahead to the next 12 months, our outlook calls for modest economic growth and continued progress for the housing market in 2026.”
